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Home My WebLink About720474.tiff r (-- a -7 - .. -71 JOSEPH BROUGH AND COMPANY CERTIFIED PUBLIC ACCOUNTANTS GREELEY.COLORADO ."1 d Report On The Audit Of 7 WELD COUNTY GENERAL HOSPITAL Greeley, Colorado -1 December 31, 1971 -7 I limn OF LALTAfAD0 sf. muwTr of wao Flied with she Clerk of the Board of County Comndasteen _ APR 2�9T2 //50 07 'By 535117 MIS AM incene Deputy 1_".7» April 26, 1972 John P. Proctor, CPA Office of State Auditor 144 State Capitol Denver, Colorado 80203 Dear Mr. Proctor: Enclosed are two copies of the 1971 Audit Report for the Weld County General Hospital. These copies are being mailed by order of the Board of Weld County Commissioners. Sincerely yours, MELD COUNTY, COLORADO By Barton Buss BB/11d Encl . cc: Clerk's file . -`y: , . j i �L'j I i 'r . ` %j • 1 :,... i 1 . :, 1 I; ' 1 I__ I f ' , 1 Report ' �, On The Audit Of . 1 • i. I, .- WELD COUNTY GENERAL HOSPITAL • I ' Greelev, Colorado 1 I� 1 S ' pecember 31, 1971 r ' 1 1 i i• :F 1 • .l 4 • it" A t t f i ,1. # t. [..; 'I • .i 411' i;' M f • }I{ 9 L i ! t i>.�I ' , . . .1 1 - ..."111'111 • , - ------ - `.' /1 ti ✓ 1 r ' IJ, III '-1 { Table of Contents rj page iTexti 1 Exhibit A - Balance Sheet 2-3 J Exhibit B .- Summary of Changes in Fund Balances 4 Exhibit C - Summary of Changes in Plant Fund Property 5 I Schedule II- Statement of Income 6 Schedule 2 - Statement of Expense -8 ^j Schedule 3 - Mead Hall Rental Income9 J Schedule 4 - Reese Properties Rental Income 10 JJJ k fY .. f j Ir 1--' 1 I. I' 1 April 20, 1972 a Board of Trustees Weld County General Hospital _ Greeley, Colorado i We have examined the balance sheet of the Weld County General Hospital as of December 31, 1971 and the related statements of Income and Fund Balances for the year then ended. Our examination was made in accordance ^ 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. I II � The statements do not reflect an additional amount due the Colorado l.� Hospital Service for contract adjustment for the last six months of 1971. This amount could be in dispute. In our opinion, subject to the foregoing comments, the accompanying balance sheet and statements of income and fund balances present fairly the financial position of the Weld County General Hospital at December 31, 1971, and the results of its operations for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. Respectfully submitted, ��7Joseph B ugh and Company Certified Public Accountants I I , 1 ' 4 :I 1 [ ' �� /.."\ ,r • . I . u� WELD COUNTY GENERAL HOSPITAL • "` Greeley, Colorado Balance Sheet ! [ ; * ! December 4, 1970 and 1971 ASSETS II . ' 1470 1971 Operating Fund Cash on Hand and in Banks 291,824 • 380,426 `. • Cash on Deposit with County Treasurer 498,865 520,430 ' I f � ' Accounts Receivable 1,454,433 1,482,631 � I ; ` . Inventory - Drugs 56,084 51,453 _. Inventory - General Stores 91,959 111,163 Prepaid Expenses 36,916 43,773, , ' . Total Operating Fund 2.430,081 2,589,876, Educational Trust Fund • Cash in Bank 3,469 2,268 ' - • .Common Trust Funds 6,000 6,000 (Notes and Mortgages Receivable 19.100 - 21,785 Total Educational Trust Fund 28,569 30,053 I Specific Purpose Funds — . iInvestments 36,278 36,619 Total Specific Purpose Funds 36,278, 36,619 Plant Fund' Cash on Deposit with County Treasurer 80,079 348,701 I .Time"Deposits 305,000 305,000 ' I .Due from Operating Fund 22,167 22,384 -- ' I Total Current Assets 407,246 676,085 Property Assets . Land 231,367 231,367 Land Improvements 105,970 105,970 . - Buildings and Fixed Equipment 5,209,117 5,256,150 Major Movable Equipment 696,320 729,887 is Minor Equipment 97942, 97,942 �*'.'s Total 6,340,716 6,421,316 � : Lesss Accumulated Depreciation 1,907,063 2,079,905 Net Property Assets 4,433,653 4,341,411 -- Total Plant Fund 4,840,899 5,017,496 ' Total Assets 7,335,827 7,674,044 `N ' . s I i •_ . fs E F I ! + - -- _ r I • ` ! Exhibit A . 1 . s 2 • — . . . i . ---` - i,W_ 1 I , , i ,,..1 . f�f i . ' LIABILITIES AND FUND BALANCES 9 I . 1970 1971 -1 Operating Fund Accounts Payable 283,420 279,625 Due to Plant Fund 22,166 22,964 i ! Taxes Payable 20,749 24,276 L ` Accrued Salaries and Wages 67,735 90,525 i , Operating Fund Balance - Unappropriated 1,217,201 1,330,685 . Operating Fund Balance - Depreciation Not Funded 818.810, 841.801 Total Operating Fund 2.430.081 2.1589.876 Educational Trust Fund Educational Trust Fund Balance 28,569 30,053 1 '- 4. Total Educational Trust Fund 28.569 30.053 ' I Specific Purpose Fund • Specific Purpose Fund Balance 36.278 36.619 • - ' Total Specific Purpose Fund 36,278 36,619 Plant Fund Notes Payable - Secured 77,965 71,284 I t '� Plant Fund Balances: I Investment in Plant 4,384,657 4,298,661 , Reserve for Replacement and Expansion 378,277 647,551 • i ,� i > E Total Plant Fund 4.840.899 5.017,496 i Total Liabilities and Fund Balances 77 335 827827 7 674 Ammir44 � f" . f._• !.1 I I [ } Exhibit A 3 � , I , • ` ' ..., i' • i . i I WELD COUNTY GENERAL HOSPITAL ;• Greeley, Colorado Summary of Changes in Fund Balances ! ' For The Year Ended December 31. 1971 '.1 • :r . Educational Specific ' • Operating Trust Purpose Plant �` {� Fund Fund Fund Fund • Balances - January 1„ 1971 2,036,011 28,569 36,278 4,762,934 I� Additions ' Current Net Income 134,267 - - 7,486 • Depreciation Not Funded 22,991 - - - 11 Restricted Funds: • Mill Levy for Hospital Expansion • - - - 171,925 • Contribution - - 341 13,857 •� Interest and Dividend •Income - 1,484 268 12,733 . '� Received from Specific • - k Purpose Fund - - •268 •. Total Additions 157,258 1,484 609 206,269 : i Total 2,193,269 30,053 36,887 4,969,203 ,� i Li Deductions Contractual Adjustments i of Prior Years 20,783 - - - Specific Purpose Funds Expended - • - 268 - Current Year's Depreciation Not Funded - - - 22,991 t J Total Deductions 20,783 - 268 22,991 l { • Balance - December 31. 1971 2,172,486 30,053 36,619 4,946,212 I •. , 1 ,, r . I'• • •` : ' 1 . A ti ( . ` { ii ' 1 .•j Exhibit B •I1 • • 4 .'i -- - ---_ _.. - _ . .. _ i . ._...._.1_ _. � __�__ _......_..- -- ---- . 1 • -- 1 n - r1 t' 1. .. .1 i I . • II t „I WELD COUNTY GENERAL HOSPITAL ! Greeley; Colorado Summary of Changes in Plant Fund Property 1 For The Year Ended December 31, 1971 . I • 1 • Balance Balance �, • , January 1, December 31, �_ 1971 Additions Retirements 1971 'I Operating Plant E Land 214,867 - 214,867 ,;• . li Land Improvements 100,315 - - 100,315 ! Buildings and Fixed ` Equipment 4,855,106 47,033 - 4,902,139 • Major Movable • Equipment 656,476 49,240 16,334 689,382 ' Minor Equipment 94,232 - - 94.232 • Totals • 5)920.996 96,273 16.334 6.000,935 ' _ Mead Hall Residence Buildings and Fixed . Equipment 245,886 - - 245,886 ,� Major Movable Equipment . 26,689 -183 26,872 • � . Minor Equipment 3.710 - - 3,710 • - Totals 276,285 183 - , 276.468 . Reese Properties Land 16,500 - - 16,500 . .' Land Improvements 5,654 - - 5,654 1 Buildings and Fixed i Equipment 108,126 - - 108,126 Major Movable _ Equipment 13.155 478 13. - 633 ! Totals 143,435 478 143.913 Total Propertv 6,340,716, , 96,934 16.334 6,421,316, II _..l :� . Accumulated Depreciation f • 0perating Fund :-.1 Land Improvements 28,049 2,438 •- 30,487 € Buildings and Fixed j `` Equipment 1,415,124 124,293 - 1,539,417 .. : ; I.: i • Major Movable • • : • ':,--s Equipment 369,658 61,260 15,149 415,769 Minor Equipment 94,232 - - 94.232, : .I Totals 1,907,063 187.991, 15.149 2,079.905 {{ _1 i I - i1 : fi I Exhibit C . lf. 5 • I i l - --- - -- -- . . _ . . _ . _ � - __-. _...- __. _-__.__. I - � I _ r r, j j WELD COUNTY GENERAL HOSPITAL Greeley', Colorado Statement of Income For The Years Ended December 31, 1970 and 1971 1970 1971 J Amount Percent Amount Percent f Income Routine Day Service 3,106,307 52.45 3,248,663 50.08 Intensive Care Service 73,873 1.25 99,950 1.54 JCardiac Care Service 126,223 2.13 144,788 2.23 R Respiratory Care Service - - 42,239 .65 Special Care Service 63,100 1.07 79,489 1.23 Nursery - - 128,142 1.98 k Operating Room 396,579 6.70 422,597 6.52 Emergency Room 114,603 1.94 135,021 2.08 Recover Room Y 117,850 1.99 114,092 1.76 Delivery Room 75,064 1,27 90,490 1.40 X-Ray 480,989 8.12 339,585 5.24 I Laboratory 718,660- 12.13 809,087 12.47 Physical Therapy 37,459 .63 37,503 .58 Pharmacy 460,387 7.77 532,202 8.20 Anesthesia 65,556 1.11 68,119 1.05 Electroencephalography 10,059 .17 18,455 .28 Blood Bank and Services 59,505 1.00 82,278 1.27 Inhalation Therapy 84,858 1.43 97,997 1.51 Medical Supplies 218,419 3.69 247,705 3.82 Laundry ' i l Cafeteria 79,946 1.35 80.183 1.24 MILL 6,289,859 106.21 6,818,871 105.13 Less: Special Allowances 367,525 6.21 332.484 5.13 Balance 5,922,334 100.00 6,486,387 100.00 Expenses - Schedule Z 5,552,456 93.75 6,384,867 98.44 ' j Net Income from Operations 369,878 6.25 101,520 1,56 L Other Income j Discounts Taken 12,100 .20 17,928 .28 Miscellaneous 24,321 .41 14,819 .23 j . Net Income - Hospital 406,299 6.86 134,267 2.07 Rental Income Mead Hall - Schedule 3 8,560 6,819 Reese Property - Schedule 4 2,823 667 ,, Net Income 417,682 141,753 I !, i . �� " I i f Schedule 1 i 6 a — - - -- -- -- -- - I -- a i - WELD COUNTY GENERAL HOSPITAL rl : Greeley, Colorado `. Statement of Expenses 4! For The Years Ended December 31, 1970 and 1971 I Salaries — and Contract Other 1970 Services Expenses Totals Percent I Allocated Expenses { Nursing Service 1,748,651 82,032 1,830,683 30.91 I - Nursery - - - 1 Operating Room 168,064 136,905 304,969 5.15 , j Emergency Room 31,199 22,298 53,497 .90 t. - Recovery Room 33,802 1,476 35,278 .60 k Delivery Room 44,328 14,539 58,867 1.00 c X-Ray 205,359 89,889 295,248 4.99 b Laboratory 330,912 149,023 479,935 8.10 I - Physical Therapy 24,400 2,216 26,616 .45 r Pharmacy 47,713 170,256 217,969 3.68 G , a Electroencephalography 1,822 3,722 5,544 .09 Blood Bank 17,771 34,122 51,893 .88 - 1 I Inhalation Therapy 28,511 15,848 44,359 .75. Medical Supplies 19,144 101,606 120,750 2.04 f Intern Service 41,962 11,974 53,936 .91 f __ Medical Education 6,016 69 6,085 .10 j Medical Records 69,797 14,522 84,319 1.42 + Dietary 271,247 202,302 473,549 . 8.00 I — Plant Operations 29,457 73,224 102,681 1.73 Land Maintenance 7,651 1,430 9,081 . 15 I Building Maintenance 63,882 18,319 82,201 1.39 Motor Service - 502 502 .01 ` — I Housekeeping 135,720 17,844 153,564 2.59 BI Laundry 105,934 6,638 112,572 1.90 Administrative 299,953 94,345 394,298 6.66 Total Allocated Expenses 3,733,295 1,265,101 4,998,396 84.40 — Unallocated Expenses Telephone 36,362 .61 Insurance 21,554 .36 Employee Welfare 69,794 1. 18 Social Security 156,987 2.65 Depreciation Funded 150,000 2.53 — Depreciation Not Funded 36,552 .62 , Bad Debts and Collection Expense 82,811 1.40 Total Unallocated Expenses 554,060 9.35 Total Expenses 51552,456 93.75 h i 1 I — Schedule 2 II • 7 — I. _ ' 1 Salaries and Contract Other 1971 Services Expenses Totals Percent 1,931,365 80,036, 2,011,401 31.01 65,843 8,805 74,648 1.15 111 181,873 165,782 347,655 5.36 f 33,870 24,780 58,650 .90 41,817 1,915 43,732 .68 • J 53,072 13,811 66,883 1.03 117,421 103,433 220,854 3.41 403,183 171,889 575,072 8.87 28,102 2,434 30,536 .47 52,054 201,701 253,755 3.91 5,432. 7,438 12,870 .20 14,552 39,549 54,101 .83 36,225 17,439 53,664 .83 'i 26,084 122,810 148,894 2.30 . 47,895 7,368 55,263 .85 8,469 1,429 9,898 .15 78,846 23,690 102,536 1.58 296,133 212,113 508,246 7.84 42,197 64,207 106,404 1.64 9,606 2,927 12,533 ,19 . 70,404 19,685 90,089 1.39 !� - 765 765 .01 ' I 154,873 20,110 174,983 . 2.70 116,691 5,973 122,664 1.89 • y 339,422 180,369 519,791 8.01 4,155,429 1,500,458, 5,655,887 87.20 40,977 .63 27,947 .43 166,830 2.57 1 i 193,435 2.98 165,000 2.55 22,991 .36 111,800 1.72 'ii '� 728,980 11.24 6,384867 98.44 ,\ ,1 i1 1 Schedule 2 4 8 I 1 r r { WELD COUNTY GENERAL HOSPITAL Greeley. Colorado Mead Hall Rental Income For The Years Ended December 31, 1970 and 1971 1970 1971 Income from Rentals 14,966 12,565 ' Expenses 4 Utilities 1,977 1,991 Laundry 125 - Housekeeping 649 524 Telephone 204 - a Maintenance 1,839 2,032 Insurance 360 360 Supplies 1.252 839 Total Expenses 6,406 5,746 Net Rental Income , 83560 6.819 . i I Note: No provision has been made for depreciation of the buildings and equipment. .1 I , _1 h 1 �1 { ` Schedule 3 i - . �i , , ; i . . ' WELD COUNTY GENERAL HOSPITAL , Greeley. Colorado Meese Properties Rental Income ' FFor The Years Ended December 3.1, 1970 and 1971 � 12,7Q 1971 11i , } I 15 022 12 287 17.1 Income from Rentals > > Expenses i Interest 4,884 4,496 I Insurance 240 240 Maintenance and Repairs 2,550 2,337 lJ Supplies and Miscellaneous Expense 1,821 2,040 Utilities —2.2.2.4.i2.507 . Total Expenses 12,199 11,620 ,..] Net Rental Income .2k823 667 , Lii . . I 'I I � f i Note: No provision has been made for depreciation of the buildings, improvements, f ^ ,j and equipment. ;E ' -I . t .� , i is - ") I' }. !'. , w ILI . ! :� . i. i..f ! .. I�• ' f Schedulp 4 10 , Pao ins - ,..s7 / Co, reh, h/oSp. JOHN P. PROCTOR, C.P.A. ...41 .. State Auditor 00002191110 tl OF Colo at , ' al.", "� N111O, 7876 OFFICE OF STATE AUDITOR f I<C STATE CAPITOL DENVER, COLORADO 10203 February 17, 1972 Re: #3029 Mr. Barton Buss i Chief Accounting Officer I Weld County County Courthouse Greeley, Colorado 80631 Dear Mr. Buss: I wish to acknowledge immediately and specifically my appre- ciation to you for sending us copies of the audit report of the Weld County General Hospital covering the year ended December 31, 1970. (D/L We too in the State Auditor's Office, have not been able to determine "who was trying to prove what" in this matter. My whole concern was to carry out the duties and responsi- bilities imposed on the State Auditor by the Local Govern- ment Audit Law to see that proper audits were made and reports filed "covering all funds and activities" of the County . I feel that if we did not pursue this matter to a successful conclusion, particcularlyS in view in view of the and e opinion as the of the Attorney General, I , office might be subject to criticism. I I am, therefore, most appreciative to you for your prompt cooperation in filing this audit report and for the promise that the ' 71 report will be forwarded to me as soon as it is available . i Again, thank you very much. CO. V ry truly you() VIMVIMFliADGE tuner � O P. A�{�, 'Ti�, • kt�' c) • FEB 181.72 8}872 I ; I i Ohn P. Proctor, CPA 1 U State Auditor JP G ELEV. COLO. 7,'A Hello