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Home My WebLink About580072.tiff (14 lre pest IS? WELD COUNTY GENERAL HOSPITAL CASH RECEIPTS AND DISBURSEMENTS FOR THE YEAR ENDED_DECEMBER 31, 1957 (AUDITED) FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 1957 (PREPARED WITHOUT AUDIT OR VERIFICATION) DUNHAM & LOGAN CERTIFIED PUBLIC ACCOUNTANTS DENVER, COLORADO /7./.50007 5-046`72 HBNBERT 5 L.N.iAM C. A G AFNC!U LOC AN C P.A. DUNHAM & LOGAN CERTIF IFD PUBLIC Af COUNT ANTS 2.- f'FIJIIAM B UlUE ING C'ENVER 2, CO..CH.4U0 MAIN 3.4357 March 8, 1958 The Honorable Board of Trustees Weld County General Hospital Greeley, Colorado Gentlemen: We have examined the accompanying Summary of Cash Receipts and Disbursements of the Weld County General Hospital Operating Eund for the six months ended December 31 , 1957, and Summary of Cash Receipts and Disbursements of the County Public Works Fund - Hospital Building for the year ended December 31, 1957, Our examination was made in conformity with generally accepted auditing standards and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion the Summary of Cash Receipts and Disbursements fairly pre- sents the information set forth for the six months ended December 31 , 1957, in conformity with generally accepted accounting principles consistently applied. Also presented for your information is a Balance Sheet as of December 31, 1957, and a Summary of Income and Expense for the year then ended which was prepared from your books and records without audit or verification except as to cash transactions, Very truly yours, DUNHAM & LOGAN -o- J . V O Certified Public Accountants MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS 4_:1;LP COUI:TY_GEAEHAL HOSPITAL Exhibit A SUMMARY OF OPERATING FUND CASH RECEIPTS AND DISBURSEMENTS FOR THE SI:: MONTHS ENDED DECEMBER 31, 1957 CASH RECEIPTS: General hospital . . . . . . . . . . . . . . . $704,824.96704,824.96 Prior year taxes, ctc. . . . . . . . . . . .. . . . . . . . . . . . 38.33 Total . . . . . . . . . . . . . . . . . . . . . . . $704,863.29 CASH DISBURSEMENTS: General operations . . . . . . . . . . . . . . $664,023. 73 Patients refund, . . . . . . . . . . . . . . . . 6,839. 17 Blood . . . . . . . . . .. . . . . . . . 1,175.0075.00 Petty cash . . . . . . . . . . . . . . . . , 188,86 Total . . . . . . . . . . . . . . . . . . . . 672,226, 76 EXCESS OF RECEIPTS OVER DISBURSEMENTS $ 32,636.53 BALANCE JULY 1, 1957 . . . . . . . . . . . . . . . . . . . . . . . 321 ,077. 78 BALANCE DECEMBER 31, 1957. . . . . . . . . . . . . . . . . , . . $lu1,1.L4.,.11 Represented by: On deposit with County Treasurer . . . . . . . $275, 348.03 First National Bank of Greeley: Operating cash , . . . . . . $125,000.00 Less December, 1957, dis- bursements not reimbursed by County Treasurer. . . . 51 ,168. 07 73,831.93 Refund account . o , . . . . , . . 1,000.00 Blood donor account . , . . . . . . . . . . 300.00 Cash on hand , . . . . . . . . . . . . . . 3, 234. 35 $151,114.31 WELD_LOLJNTV GENERAL HOSPITAL Exhibit B PUBLIC WORKS FUND - HOSPITAL BUILDING SUMMARY CF CASH RECEIPTS AND DISBURSEMENTS FOR LIE YEA1: ENDED DECEMBER 31 , 1957 CASH RECEIPTS: Interest earned, . . , . . . . . . . a . . $ 2,031 ,43 Transferred from Public Corks Envestmcnt Fund.. . . . . . . . . 90,(,55.04 Total . . . . . . . . . . . . . . . . . . . . . . . $ 92,086,47 CASH DISBURSEMENTS: Nurses Residence: Hensel Phelps - Contractor . . . . . . . . . . $17!,880.50 Fisher and Fisher - Architect . . . . . 9,000.00 225.97 Total . . . . . . . . . .. . . . . . $181, 106.47 Trust expense, . . . . . . . . . . . . . . . 28,90 Total disbursements . . . . . . . . . . . . . . . . . 181,135. 37 EXCESS OF DISBURSEMENTS OVER. RECEIPTS. o $(89,048.90) BALANCE JANUARY 1, 1957. . . . . . . . . . . . . . . . . . . . . . . 112.675.08 BALANCE DECEMBER 31, 1957 (on deposit with County Treasurer) . , . $._ 2,'„fzfz,_lb WD CQ.UNTY'. GENEIW HOSPITAL Exhibit C BALANCE SHEET DECEMBER 31, 1957 CURRENT ASSETS: Cash; County Treasurer .. . . . . . . . . . . . . , $ 275,348.03 Cash on hand . . . . . . . . . . . . . . . . 3,234. 35 Bank: Operating account, .. . . , . . . . . . . 73,831.93 Refund and blood donor accounts. . . . . . 1 ,300.00 Total , . . . . . . . . . . . . . $ 353, 714. 31 Accounts receivable (less $124, 547. 76 provision for doubtful accounts) . . . . . _ . . , . . . 204, 134, 76 Inventories: Drugs . . . . . . . . . . . . . . . . . . $ 23,114.09 Other supplies . . . . . . . . . . . . . . 59,396.49 82,510, 53 Total current assets. , . . . $ 640, 359.65 FIXED ASSETS (At cost) : Land . . . . . . . . . . . . . . . . . . . . . $ 123,893,62 Plant and buildings_ . . . . . , . . . . . . 3,047,003. 21 Equipment, furniture, etc. . . . . 385.577.83 Total , . . . . . . . . . . . , . . . $3,556,474.66 Less accumulated depreciation. . . . . . . . . . 415, 133. 77 Fixed assets (net) . 3.141. 340.89 TOTAL. . . . . . . . . . . . . $3�7$1�Z00.54 CURRENT LIABILITIES: Accounts payable . . . , . . . , . . . . . . , $ 55,258.99 Accrued payroll. . .. . . , , . . . . . . . . . 62,092.35 Designated gifts . . . , . . . . . . . . . . 798.00 Total current liabilities , . . . . $ 118, 149. 34 CAPITAL: Balance January 1, 1957. „ . . . . . . . . . .. . $3,654,125.95 Add new Nurses Residence expenditures made from Public Works Fund and capitalized as part of plant and 181. 106,4781.106.47 Total. . . . . . . . . . . . . . . . . $3,835,232.42 Less adjustment for prior year depreciation not previously recorded. . . . . . , , . . . 228.875.68 Adjusted balance . . . o . . . . . . „ $3,606,356. 74 Net income for the year. . . . . .. . . . . . . 57,194,46 Balance December 31, 1957 3.663.551. 20 $3. 731.700.54 NOTES: 1. Prepared without audit or verification from your books and records. 2, Cash in County Treasurer' s custody for Public Works Fund, $23,626. 18, is not included above., WFL.D_ COUNTY S,.F.LZERAL_AQS IThk Exhibit D SUMMARY OF INCOME AND EXPENSE FOR THE YEAR ENDED DECEMEER 31, 1957 OPERATING INCCKE (See Schedule D-1) : . . . . . . . . . . . . . . . . $1 ,447,599 70 Less collection e..pense and insurance flan losses. . . . . . . . . 12,811 . 27 $1,434, 738.43 OPERATING E:;PENSE: .Administr^tirn . . . . . , . . . . . . . . $120,308. 57 Telephone, _ , , 11 ,850.61 N ctary and snack bar . . , - _ . . . 203,023.00 Laundry 41 , 290,95 HousekeeNing , , . _ _ . - . _ , . . 33,827. 78 Plant operation. . . . . . . , . . . . , , , 33, 352. 27 Maintenance and rep..irs, _ . _ . . . 37,663. 23 Motor and cnbelance service. , . , , . , 532.65 Central supply . . . . . . . . . . . . . . . . . 39,298. 67 Intern service : _ . . . . . . . . . , . 8,037, 01 Nursing service. . : , . , . . . . . . , 342,653. 44 X-ray., . , . . . . _ , . 63, 307.46 laboratory 84, 733. 51 Operating and deliver/ room, . . . _ . . . _ . 92, 108.08 97,353.20 Physcal therapy . . , . . . . , 8,619,43 Blood bank service . . . . . . _ _ , 13,034.89 Depreciation , . . . . , . . . . . . . 80,663. 16 42,708 79 Social security and group insurance. , . . . . . 18,465. 11 Total operating expense_ . . , . , _ . , 1,380,836.26 NET INCOME FROM OPERATIONS . . . . . . . , . . , $ 53,952. 17 OTHER INCOME: Rental - Nurses' hone. , , . _ . ., $ 928. 75 Anesthesia fees. . . . . . _ 55, 656.00 $ 56, 584. 75 OTHER EXPENSE: Nurses' home . , , , . . , , . . , $ 590.16 AdnInstrator' s hone , . . . . . . 440,80 Anesthesia fees. _ . _ . . , . . . , 52,311. 50 533_2.46 Net other income . . . . , . . . . , 3,242,29 NET INCOME . . . . . . . . . . . . . . . . . . . . . $_ 57.194,4¢ PREPARED WITHOUT AUDIT OR VERIFICATION FROM YOUR BOOKS AND RECORDS WELD COIINTL GEiIRALHQSPITAL Schedule D_1 SCHEDULE OF OPERATING INCOME FOR THE YEAR ENDED DECEMBER 31, 1957 Day rate service. . . . . . . . . . . . . . . . . . . $ 604,036.00 Operating room. . _ . . 100,212,02 Delivery room . . . . . . . . . . . . . . . 23, 168.00 X-ray . . . . . . . . . . . . . . . . . . . . . . , . 119,537. 74 Laboratory 156,698. 24 Physical 14,16376,163. 76 Phanaacy. . . . . . . . . . . . . . . . . . . . . . 195,350. 13 Anesthesia service . . . . . . . . . . . . . . . . . . 20, 196.95 flood hank service. .. . . . . . . . . . . . . . . . 22,423.75 Cash discounts. . . . . . • . . . 2,526.44 Central supply, . . . . . . . . . . . . . . . . . 114,635.45 Telephone _ • . . . 3,670,51 Miscellaneous income. . . . . . . . . . . . . . . . . 1,652, 33 Laundry 12,237.15 Cafeteria . . . . . . . . . . . . . . . . . . . . . 48,184, 78 8,886,45 TOTAL (to Exhibit D) . . . . . . . . . . $ 441.,599. 70 PREPARED WITHOUT AUDIT OR VERIFICATION EXCEPT AS TO CASH TRANSACTIONS Hello