Balance Sheets (Assets)
Years Ended December 31, 1999 and 2000
| Current Assets |
|
|
| Cash and Cash Equivalents
|
$2,803,000
|
$5,025,000
|
| Assets whose use is
limited – required for current liabilities |
1,267,000
|
1,372,000
|
| Patient accounts receivable,
not of estimated uncollectables of $2.5M in ’97 and $2.4M in "96
|
15,100,000
|
14,194,000
|
| Estimated third-party
payor settlements – Medicare |
441,000
|
600,000
|
| Supplies,
at lower of cost (first-in, first-out) or market |
1,163,000
|
938,000
|
| Other Current
Assets |
321,000
|
403,000
|
| Total
Current Assets |
21,095,000
|
22,532,000
|
| |
|
|
| Assets
whose use is limited or restricted: |
|
|
| By board
or capital improvements |
11,000,000
|
10,000,000
|
| By agreements
with third-party payors for funded depreciation |
9,234,000
|
6,151,000
|
| Under malpractice
funding arrangement – held by trustee |
3,007,000
|
2,682,000
|
| Under indenture
agreement – held by trustee |
11,706,000
|
11,006,000
|
| By donors
or grantors for specific purposes |
2,277,000
|
1,634,000
|
| By donors
for permanent endowment funds |
5,259,000
|
6,073,000
|
| Total assets
whose use is limited or restricted |
42,485,000
|
37,548,000
|
| |
|
|
Less assets
whose use is limited and that are required for
current liabilities |
1,267,000
|
1,372,000
|
| Non-current
assets whose use is limited or restricted |
41,216,000
|
36,176,000
|
| |
|
|
| Property
and equipment, net |
51,000,600
|
50,492,000
|
| |
|
|
| Other
Assets: |
|
|
| Prepaid pension
cost |
85,000
|
35,000
|
| Deferred
financing costs |
693,000
|
759,000
|
| Investment
in affiliated company |
917,000
|
567,000
|
| Total Other
Assets |
1,695,000
|
1,370,000
|
| |
|
|
| Total
Assets |
$115,046,000
|
$110,570,000
|
Balance Sheets (Liabilities)
Years Ended December 31, 1999 and 2000
| |
| Current Liabilities:
|
|
|
| Current installments
of long-term debt |
$970,000
|
$1,200,000
|
| Current portion of
capital lease obligations |
500,000
|
550,000
|
| Accounts payable |
2,422,000
|
2,157,000
|
| Accrued expenses |
3,396,000
|
3,225,000
|
| Estimated
third-party payor settlements – Medicaid |
2,143,000
|
1,942,000
|
| Deferred
third-party reimbursement |
200,000
|
210,000
|
| Advanced
from third-party payors |
122,000
|
632,000
|
| Current portion
of estimated malpractice costs |
600,000
|
500,000
|
| Retainage
and construction account payable |
955,000
|
772,000
|
| Advanced
and deferred revenue |
92,000
|
---
|
| Total Current
Liabilities |
11,400,000
|
11,150,000
|
| |
|
|
| Liabilities:
|
|
|
| Deferred
third-party reimbursement |
746,000
|
984,000
|
| Estimated
malpractice costs, not of current portion |
3,207,000
|
2,162,000
|
| Long-term
debt, excluding current installments |
22,644,000
|
23,614,000
|
| Capital lease
obligations excluding current installments |
500,000
|
400,000
|
| Total Liabilities
|
38,497,000
|
38,368,000
|
| |
|
|
| Net Assets:
|
|
|
| Unrestricted
|
69,310,000
|
64,567,000
|
| Temporarily
restricted by donors/grantors |
1,980,000
|
1,562,000
|
| Permanently
restricted by donors/grantors |
5,259,000
|
6,073,000
|
| Total
Net Assets (Fund Balance) |
76,549,000
|
72,202,000
|
| |
|
|
| |
$115,046,000
|
$110,570,000
|
|
