HomeMy WebLinkAbout09-1968
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PLOY/ MEMORIAL HOSPITAL
PATIENT STATISTICS NOVEMBER, 1968
Parameter November, 1968 12 Month Ave. Difference
Patients Admitted 525 590 - 65
New Born 77 80 - 3
Maximum on any one day 168 160 + 8
Minimum on any one day 119 ill + 8
Patient Days 4051 3994 +117
Average Daily Census (Adult) 135 134 + I
Operations Performed 196 199 - 3
Emergency Room Admissions 630 598 + 32
X-Ray Exams 1028 1164 +136
Lab Tests 13,952
Medicare Days 1231 1029 +202
t Per Cent of Occupancy (Adult) 81.62% 78.93% + 2.69%
i
CASH ANALYSIS NOVEMBER, 1968
Cash, October 31, 1968 $ 8,162,47
Accounts Receivable Collections $233o565.21
Less Refunds (3,849.80)
Other Income 9,140.26
Cash from November Collections 238,855.67
Total Cash Available 247,018.14
Disbursements, November, 1968:
Transferred to Building Fund 10,609.89
Medicare Repayment 14.72
Payroll 114, 354.37
Hospital Based Physicians' Fees 14,129.65
Other Operating Disbursements 69,244.56
Total November Disbursements $208o353.19
Cash November 30, 1968 38,664.95
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FLOW MEMORIAL HOSPITAL
BALANCE SHEET NOVEMBER, 1968
CURRENT ASSETS:
Cash - Operating Account (123, 307.66)
Fund 11411.35
Cash Deposit Bond- 845,12
Petty Cash 325.00
Prepaid Pxpense 10,142.97
Social security 20o518.99
Medical Society Advance 4, 546,00
Returned Checks 103,00
Accounts Receivable 820,350.86
Allowance 62,100.34 758,250.52
Inventories 54, 865.29
Total Current Assets 727, 700.58
Land S Property Equipment 37, 547.46
Building 3,1390543.52
Major Movable Equipment 595,464.15
Fixed Equipment 137,392.24
Allowance for Depreciation (891,132.64)
Total Fixed Assets 3,218,810.73
3,946,511.31
CURRENT LIABILITIES:
Accounts Payable 74,782.11
Notes Payable 26, 000.00
Agcrued Taxes 200518.99
Insurance Premium 1,237.75
Medicare Advancement 34o741.33
Total Current Liabilities 157,280.18
Capital:
City of Denton 363,270.30
County of Denton 1,6810261106
Endowment 240.460.82
Fed. Grant 1,664,8710-15
Pledges and Gifts 184j578.78
41134,442.11
Loss - 1950-1967 (368,476,59)
Profit - 1968 23,265.61
(345,210.98)
0,946,511.31
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ARTHUR ANDFUSESN & CO.
DALLAS, TEXAS
I
( To the Board of Managers,
Flow Memorial Hospital:
We have examined the balance sheet of Flow Memorial Hospital
(a Texas city-county hospital) as of September 30, 1968, and the
related statements of operations and of changes in fund capital for
the year then ended. Our examination was made in accordance with
generally accepted auditing standards, and accordingly incl+ded such
k tests of the accounting records and such other auditing procedures as
f
we considered necessary in the circumstances.
In our opinion, the accompanyng financial statements present
fairly the financial position of Flow Memorial Hospital as of
September 30, 1966, and the results of its operations for the year then
ended, in conformity with generally accepted accounting principles
applied or, a basis consistent with that, of the preceding year.
s
Dallas, Texas,
November 9, 1968.
FLOW MEMORIAL
BALANCE SHEET--
A S S E T S
CASH (including time deposits of $45,997) ($47,453
restricted for plant construction, equipment $ 47,778
replacement and additions)
RECEIVABLES:
Patients, less reserve for doubtful accounts o 613,611
$150,000 53,000
Grants, Hill-Burton (Note 2) 980
Other 667,59'
67,311
INVENTORIES, at cost
14,a3z
PREPAID EXPENSES ----14,832
HOSPITAL PLANT, at cost: 37,547
Land 30220971
Building3 and improvements 868,954
Equipment and furniture (878,617)
Less- Accumulated depreciation
3,350,855
$4,148,367
The accompanying notes are an
-2-
HOSPITAL
SEPTEMBER 30, 1968
I, I A B I L I T I E S A N D F U N D C A P I T A L
I~ ACCOUNTS PAYABLE $ 101,063
I
ACCRUED LIABILITIES 109,500
CONTRACTS PAYABLE (Note 2) 175,011
MEDICARE FINANCING ADVANCES 39,289
NOTES PAYABLE:
Equipment notes, secured by various Hospital
communication equipment; balance payable
monthly, including interest over a five-
year period (current maturities, $3,962) 19,808
Other 3p8'12
Total liabilities 448,54',
FUND CAPITAL 3,699,824
$4, 148, 367
integral part of this statement.
-3-
FLOW MEMORIAL HOSPITAL
STATEMENT OF OPERATIONS
FOR THE YEAR ENDED SEPTEMBER 30, 1968
INCOME:
Gross revenues from care of patients $2,465,124
Lear-
Charity allowances and provision
for doubtful accounts 216,014
Medicare allowances 49,957
Patient care income 2,199,15;
Other Hospital, income 73,798
Total 2,2720951
OPERATING COST:
Professional care of patients 1,340P903
Dietary 268,189
Household and property 224,481
Administration and general 349096
Depreciation 169,017
Other 16,329
Total 2,3680515
NET (LOSS) $ (95,564)
~ateaaa=mso
The accompanying notes are an integral
part of this statement.
-4-
i
(I
FLOW MEMORIAL H0:aPITAI1
f
STATEMENT OF CHANGES IN FUND CAPITAL
FOR THE YEAR ENDED SEPTEMBER 30, 1966
Components of Fund Capital
County City Pledges
Operating of of Bequest - Fe&eral and
Deficit Denton Denton Flow Estate Grants Gifts Total
BALANCE, beginning of year $(430,232) $1,6819261 $263,270 $240,461 $1,433,22 $164,993 $3,352,974
Net loss for the year (95,564) - - - - - (95,564)
Contrib-:+~.-j gra:.~ restricted
for plant and equipment (Note 2) _ - 100,000 - 284,650 12,258 396,906
Donated equipment and land improvements - 15,610 291896 - - - 45,506
ALANCE, end of year $(525,796) $1,696,671 $39,166 $240,461 $19717,871 $177,251 $3,699,824
The accompanying notes are an Integral part of this statement.
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FLOW MEMORIAL HOSPITAL
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30. 1968
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(1) TYPE OF ORGANIZATION:
Flow Memorial Hospital is a city-county hospital
organized and operating under the authority of Texas Civil
Statute Article No. 44941 which authorizes the joint establish-
ment and operation of hospitals by counties and cities.
The Hospital is governed by a Board of Managers
composed of seven members; three of which are appointed by t:ie
Commissioner's Court of Denton County, three by the City
Commission of the City of Dentin, and ore by the County and C:,ty
acting jointly sa one appointive body.
(2) CONSTRUCTION PRCGRAM:
The Hospital has substantially completed a four-year
construction program during 1968, at a cost of approximately
$2,100,000. The addition was financed by a $1,000,000 Dent;ln
County tax bond issue, Hill-Burton ►ederal Grants of $1,050,000
and City of Denton and other contributions.
Of the $1,0500000 Hill-Burton Grant, $231,650 was
received during 1968 and $53,000 is being held by the Texas
State Department of Health until a final audit has been
completed by the State and Federal representatives to insure
that all construction has been completed and all contractors
have been paid.
As of September 30, 1968, the Hospital owed contract
ba,iances of $175,011 which will become due upon final acceptance
by the Hospital.