[3290]
(a) Nonoperating revenue and expenses include
those revenues and expenses not directly related to patient care, related
patient services, or the sale of related goods. The following accounts are
required to be reported.
(b) 9010
GAINS OR LOSSES ON SALE OF HOSPITAL PROPERTY. This account is credited for
gains and debited for losses arising as a result of the disposal of hospital
property.
(c) 9020 UNRESTRICTED
CONTRIBUTIONS. All contributions, donations, legacies and bequests, that are
made to the hospital without restrictions by the donors, must be credited to
this account. When a hospital receives contributions in significant amounts,
such contributions should be clearly described and fully disclosed in the
income statement.
(d) 9030 DONATED
SERVICES. Many hospitals receive donated services of individuals. Fair value of
donated services must be recorded when there is the equivalent of an
employer-employee relationship and an objective basis for valuing such
services. The value of services donated by organizations may be evidenced by a
contractual relationship which may provide the basis for valuation.
Donated services are most likely to be recorded in a
hospital operated by a religious group. If members of the religious group are
not paid (or are paid less than the fair value of the services rendered), the
lay-equivalent value of their services (or the difference between
lay-equivalent value of services rendered and compensation paid) must be
recorded as an expense in the cost center in which the service was rendered,
with the credit to this account.
(e) 9040 INCOME, GAINS AND LOSSES FROM
UNRESTRICTED INVESTMENTS. Income, and gains and losses from investments of
unrestricted funds must be recorded in this account.
(f) 9050 UNRESTRICTED INCOME FROM ENDOWMENT
FUNDS. This account is credited with the unrestricted revenue and net realized
gains on investments of endowment funds.
(g) 9060 UNRESTRICTED INCOME FROM OTHER
RESTRICTED FUNDS. This account is credited with the revenue and net realized
gains on investments of restricted funds (other than endowment funds) if the
income is available for unrestricted purposes.
(h) 9070 TERM ENDOWMENT FUNDS BECOMING
UNRESTRICTED. When restricted endowment funds become available for unrestricted
purposes, they must be reported in this account.
(i) 9080 TRANSFERS FROM RESTRICTED FUNDS FOR
NON-OPERATING EXPENSE. This account reflects the amounts of transfers from
restricted funds to match non-operating expenses in the current period for
restricted fund activities.
(j)
9110 DOCTORS' PRIVATE OFFICE RENTAL REVENUE. This account is credited with the
revenue earned from rental of office space and equipment to physicians and
other medical professionals for use in their private practice.
(k) 9120 OFFICE AND OTHER RENTAL REVENUE.
This account is credited with rentals received from other than doctors, other
medical professionals and other non-retail rental activities for office space
located in the hospital and for other rental of property, plant and equipment
not used in hospital operations.
(l) 9130 RETAIL OPERATIONS REVENUE. This
account must be credited with revenue earned from other retail operations such
as gift shop, barber shop, beauty shop, drug store or newsstand located in
space owned by the hospital.
(m)
9150 OTHER NON-OPERATING REVENUE. This account is credited with non-operating
revenue not specifically required to be included in the above accounts,
including unrestricted tax revenue and funds appropriated by governmental
entities.
(n) 9210 DOCTORS' PRIVATE
OFFICE RENTAL EXPENSES. This account contains the expenses incurred in
connection with the rental of office space and equipment to physicians, and
other medical professionals for use in their private practice.
(o) 9220 OFFICE AND OTHER RENTAL EXPENSE.
This cost center contains the expenses incurred in connection with the rental
to other than physicians, other medical professionals and non-retail rental
activities.
(p) 9230 RETAIL
OPERATIONS EXPENSE. This cost center contains the expenses incurred in
connection with retail operations such as gift shop, barber shop, drug store,
beauty shop or newsstand.
(q) 9240
MAINTENANCE OF NON-PAID WORKERS.
(1) This cost
center is used to record the direct costs and accumulate the indirect costs of
furnishing to nonpaid workers (as defined and described in 42 CFR
405-
424) such
fringe benefits, perquisites, maintenance and other items and services that are
not furnished to paid employees occupying similar positions, and in situations
where comparable fringe benefits, perquisites, maintenance and other items and
services are furnished to paid employees occupying similar positions, and if
the total cost applicable to nonpaid workers (imputed value of services, fringe
benefits, perquisites, maintenance and other items and services) exceeds the
total cost (salaries, fringe benefits, etc.) incurred on behalf of comparable
paid employees, such excess is included in this cost center.
(2) Effective date for this cost center: cost
reporting periods beginning in 1981.
(r) 9250 OTHER NON-OPERATING EXPENSES. This
cost center contains non-operating expenses not specifically required to be
included in the above accounts.
(s)
9410 PROVISION FOR INCOME TAXES
9411 Federal -
Current..........................................................................................................
9412 Federal -
Deferred..........................................................................................................
9413 State -
Current..........................................................................................................
9414 State -
Deferred..........................................................................................................
9415 Local -
Current..........................................................................................................
9416 Local -
Deferred..........................................................................................................
These cost centers contain income tax expense and
related deferred taxes.
(t)
9500 EXTRAORDINARY ITEMS. Cost centers (accounts 9500-9599) should be used to
segregate extraordinary items from the results of ordinary operations and to
disclose the nature thereof. Each hospital is to follow "Generally Accepted
Accounting Principles" (GAAP) to determine when items are to be considered
extraordinary.
