11 N.C. Admin. Code 11H.0108

Current through Register Vol. 39, No. 9, November 1, 2024

Section 11H .0108 - COMPILED FIVE YEAR FORECAST

(a) The compiled five year forecast shall consist of the following:

(1) a balance sheet;

(2) a statement of operations;

(3) a statement of cash flows; and

(4) a narrative detailing all significant assumptions.

(b) The balance sheet shall include individual categories or line items that sum into the following sub-totals, at a minimum:

(1) current assets;

(2) restricted assets, including a line item for operating reserve assets;

(3) fixed assets, including property, plant, and equipment;

(4) total assets;

(5) current liabilities;

(6) long-term debt;

(7) total liabilities;

(8) deferred revenue-refundable;

(9) deferred revenue-nonrefundable;

(10) equity or fund balance-unrestricted; and

(11) equity or fund balance-restricted.

(c) The statement of operations shall include the following individual categories or line items, at a minimum:

(1) monthly fee revenues;

(2) amortization of entrance fees;

(3) health care revenues;

(4) investment/interest income;

(5) contributions/gifts;

(6) health care expenses;

(7) operations expenses, consisting of at least maintenance, laundry, and housekeeping;

(8) dietary expenses;

(9) administrative expenses;

(10) interest expenses; and

(11) depreciation.

11 N.C. Admin. Code 11H .0108

Authority G.S. 58-2-40; 58-64-20; 58-64-65;
Eff. April 1, 1993;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 20, 2015.

Authority G.S. 58-2-40; 58-64-20; 58-64-65;
Eff. April 1, 1993.