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Home My WebLink About730698.tiff / JOSEPH BROUGH AND CO. CERTIFIED PUBLIC ACCOUNTANTS FIRST NATIONAL BANK BUILDING GREELEY, COLORADO 80531 Joseph W.Brough,Jr.,C.P.A. Suite 313-317 Edward M.Boggess,C.P.A. Tel.303.352-1700 March 27, 1973 Board of County Commissioners Weld County Greeley, Colorado 80631 Gentlemen: Enclosed are two (2) copies of the report on the audit of the Weld County General Hospital for the year ended December 31, 1972. One copy is for your records and the second copy may be included with your submissions to the State Auditor. V y truly yours, Ar J eph Broug an �/d Company / / ertified Public Accountants JWB:jlk enclosures or COUNTY DF DD Flied •,ro,th the WELD sy, of County Co Clerk of the Bo mmissioners ar d MAR 2 9 1973 Cs,.,,,,,,,, �v Q.... RE- REWp —�_Cnr.ray 730698 RS 00 07 /2u:44: JOSEPH BROUGH AND COMPANY CERTIFIED PUBLIC ACCOUNTANTS 7 7 7 Reoort On The Audit Of WELD COUNTY GENERAL HOSPITAL Greeley. Colorado December 31, 1972 ` 7 1 C0lL:7v J� Vr�LA Imild ,•th r; tsri:of the Soartl of Crotty CpmmissIon^..3 MAR 291973 7 , COURT?CLERK AND RECORDER y, n en11� 1 . . Report On The Audit Of WELD COUNTY GENERAL HOSPITAL Greeley, Colorado December 31, 1972 Table of Contents Paoe Text 1 Exhibit A - Balance Sheet 2-3 Exhibit B - Summary of Changes in Fund Balances 4 Exhibit C - Summary of Chages in Plant Fund Property 5 Schedule 1 - Statement of Income 6 lSchedule 2 - Statement of Expense 7-8 Schedule 3 - Mead Hall Rental Income 9 Schedule 4 - Reese Properties Rental Income 10 .1 I —.i t- • '` March 22, 1973 Board of Trustees — Weld County General Hospital Greeley, Colorado We have examined the balance sheet of the Weld County General Hospital as of December 31, 1972 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 according- ly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. The statements do not reflect the Colorado Hospital Service contract adjustment for the year ended 1972. This amount could be in dispute. LIn 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, 1972, and the results of its operations for the year then ended, l in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. i Respectfully submitted, 0,-cet 7 Joseph ough and Company Certified Public Accountants i I -1- ,-� n - WELD COUNTY GENERAL HOSPITAL Greeley, Colnrado Balance Sheet December 31, 1972 and 1971 ASSETS — 1972 1271 Operating Fund Cash on Hand and in Banks 281,422 380,426 Cash on Deposit with County Treasurer 790,010 520,430 Accounts Receivable (Net of Allowance for Doubtful Accounts of $206,797 in 1972 and $170,847 in 1971) 1,539,786 1,482,631 Inventory - Drugs 61,367 51,453 Inventory - General Stores 122,301 111,163 Prepaid Expenses 38,459 43.773 Total Operating Fund 2,833,345 2.589,876 Educational Trust Fund Cash in Bank 16,773 2,268 _ Common Trust Funds 6,000 6,000 Notes and Mortgages Receivable 9,259 21.785 Total Educational Trust Fund 32,032 30,053 Specific Purpose Funds a Investments 36,949 36,619 Total Specific Purpose Funds 36,949 36,619 Plant Fund Cash on Deposit with County Treasurer 127,779 348,701 Time Deposits 905,000 305,000 Due from Operating Fund 2.316 22,384 Total Current Assets 1,035,095 676,085 Property Assets — Land_ 231,367 231,367 Land Improvements 105,970 105,970 Buildings and Fixed Equipment 5,373,799 5,256,150 Major Movable Equipment (Note 1) 772,766 729,887 Minor Equipment 97,942 97,942 Total 6,581,844 6,421,316 Less: Accumulated Depreciation 2.202,076 2.079,905 Net Property Assets 4,379,768 4,341,411 Total Plant Fund 5.414,863 5.017,496 Total Assets 8.317, 189 7,674,044 Imnmans rtia Note 1: Warrants in the amount of $280,000.00 have been issued by the county — for the purchase of X-Ray equipment. As of December 31, 1972 the County Treasurer is holding $200,000.00 in investments and $80,000.00 on account. The X-Ray equipment was not operational at December 31, 1972 and is not reflected in these statements. Exhibit A 7 tTh LIABILITIES > 1971 °aerating Fund Accounts Payable 216,689 279,625 Due to Plant Fund 2,316 22,964 Taxes Payable 41,343 24,276 Accrued Salaries and Wages 113,104 90,525 Operating Fund Balance - Unappropriated 1,595,158 1,330,685 Operating Fund Balance - Depreciation Not Funded 864,735 841.801 Total Operating Fund 2.833,345 2.589.876 Educational Trust Fund Educational Trust Fund Balance 32,032 30,053 Total Educational Trust Fund 32,032 30.053 Specific Purpose Fund Specific Purpose Fund Balance 36,949 36,619 Total Specific Purpose Fund 36,949 36.619 Plant Fund Notes Payable - Secured 64,192 71,284 Plant Fund Balances: Investment in Plant 4,355,897 4,298,661 Reserve for Replacement and Expansion 994,774 647,551 Total Plant Fund 5.414,863 5,017.496 . Total Liabilities and Fund Balances 8 31. 7. 189 7.674,044 Exhibit A 3 P--� - yG .. ... • ,,... WELD COUNTY GENERAL HOSPITAL Greeley, Colorado Summary of Chanoes in Fund Balances — For The Year Ended December 31, 1972 Educational Specific Operating Trust Purpose Plant Fund Fund Fund Fun Balances-January 1, 1972 2,172,486 30,053 36,619 4,946,212 Additions Current Net Income 183,661 - - 12,132 Depreciation Not Funded 22,933 - - - "^ Restricted Funds: Mill Levy for Hospital Expansion - - - 361,253 Contribution - 330 35,981 Interest and Dividend Income - 1,979 278 17,748 Received from Specific Purpose Fund - - - 278 Contractual Adjustments of Prior Years 80,813 - - - Total Additions 287,407 1,979 608 427,392 - Total 2,459,893 32,032 37,227 5,373,604 Deductions Specific Purpose Funds Expended - 278 - Current Year's Depreciation { Not Funded - - - 22,933 Total De uctions - - 278 22,933 I Balance-December 31, 1972 2,459,893 321032 2.k&zii 5.350.671 i L Exhibit B 4 - !-N 7---\ -- WELD COUNTY GENERAL HOSPITAL Greelev. Colorado Summary of Changes in Plant Fund Property For The Year Ended December 31, 1972 Balance Balance January 1 December 31 L972 Additions Retirements 1972 Operating Plant Land 214,867 - - 214,867 Land Improvements 100,315 - - 100,315 Buildings and Fixed Equipment 4,902,139 117,650 - 5,019,789 Major Movable j— Equipment 689,382 109,999 67,121 732,260 Minor Equipment 94,232 - - 94,232 I Totals 6,000.935 227,649 67,191 6,161,463 Mead Hall Residence Buildings and Fixed Equipment 245,886 - - 245,886 Major Movable Equipment 26,872 - - 26,872 Minor Equipment 3,710 - - 3,710 Totals 276.468 - - 276.468 Reese Properties Land 16,500 - - 16,500 Land Improvements 5,654 - - 5,654 Buildings and Fixed j Equipment 108,126 - - 108,126 Major Movable Equipment 13,633 - - 13,633 ' Totals 143,913 - - 143,913 '- Total Property 6.421,316 22^ 7,6 67 49 .121 581 844 ,- Accumulated Depreciation - Operating Fund Land Improvements 30,487 2,518 - 33,005 Buildings and Fixed Equipment 1,539,417 127,539 - 1,666,956 Major Movable Equipment 415,769 57,877 65,763 407,883 — Minor Equipment 94.232 - - 94,232 Totals 2,079.905 187,934 65.763 2 2. 02.076 Exhibit C 5 . WELD COUNTY GENERAL HOSPITAL f' e-Y- Colorado c+ +oment of Income and Expenses r The Y a s Ended December 31 1972 an d_3271 1972 1971 Amoant Percent Amluat P n r mP from Operations Routine Day Service 3,389,840 49.07 3,248,663 50.08 Intensive Care Service 111,481 1.61 99,950 1.54 ''—' Cardiac Care Service 148,289 2.15 144,788 18,321 .27 42,239 2.23 ,65 Respiratory Care Service 75,108 1.09 79,489 1.23 Special Care Service 125,195 1.81 128,142 1.98 Nursery 519,508 7.52 422,597 6.52 Operating Room 149,326 2.16 135,021 2.08 Emergency Room 112,517 1.63 114,092 1.76 Recovery Room 1.82 90,490 1.40 '^ Delivery Room 125,829 358,579 5. 19 339,585 5.24 La 821,971 11.90 809,087 12.47 , Laboratory 47,266 .68 37,503 .58 ^ Physical Therapy 538,410 7.79 532,202 8.20 Pharmacy 67,630 .98 68,119 1.05 Anesthesia 22,630 .33 18,455 .28 Electroencephalpgraphy 91,548 1.33 82,278 1.27 4-. Blood Bank and Services Inhalation Therapy 116,896 1.69 97,997 1.51 Medical Supplies 265,903 3.85 247,7085 3.82 Laundry 268 Cafeteria 81.355 1.18 80.183 Total Gross Income from Operations 7,188,044 104.05 6,818.871 105.13 275 4.05 332.484 5.13 Less: Allowances 6,908,454 100.00 6,486,387 100.00 Expenses from Operations - 6,767,623 97.96 6,384,867 98.44 Schedule 2 Net Income from Operations 140,831 2.04 101,520 1.56 Other Income 18,051 .26 17,928 28 Discounts Taken 24,779 .36 14,819 •23 Miscellaneous _ Net Income - Hospital 183,661 2.66 134,267 134,267 2.0? _ Rental Income 10,190 6,819 Mead Hall - Schedule 3 1,942 667 Reese Property - Schedule 4 Income .121222i 14 753 Schedule 1 h �1 /"V - ._ -I�..- WELD COUNTY GENERAL HOSPITAL Greeley, Colorado - Statement of Expenses For The Years Ended December 31, 1972 and 1971 Salaries and Contract Other 1972 Services Expenses Totals Percent Allocated Expenses Nursing Service 1,966,582 80,758 2,047,340 29.64 Nursery 64,703 8,419 73,122 1.06 Operating Room 195,049 199,586 394,635 5.71 Emergency Room 38,434 27,635 66,069 .96 - Recovery Room 45,171 1,494 46,665 .68 Delivery Room 50,397 13,166 63,563 .92 X-Ray 133,250 127,356 260,606 3.77 Laboratory 421,801 180,057 601,858 8.71 Physical Therapy 30,975 1,001 31,976 .46 Pharmacy 51,142 202,818 253,960 3.68 Electroencephalography 5,488 9,843 15,331 .22 Blood Bank 15,667 39,211 54,878 .79 Inhalation Therapy 39,758 16,423 56,181 .81 Medical Supplies 26,770 119,905 146,675 2.12 Intern Service 62, 154 1,765 63,919 .93 — Medical Education 4,015 4,653 8,668 .13 Medical Records. 81,358 18,009 99,367 1.44 s. Dietary 311,404 205,178 516,582 7.48 Plant Operations 47,164 71,277 118,441 1.71 Land Maintenance 9,355 2,597 11,952 . 17 Building Maintenance 84,732 19,379 104,111 1.51 Motor Service - 458 458 .01 _ Housekeeping 162,202 18,245 180,447 2.61 Laundry 120,382 5,030 125,412 1.82 Administrative 371,904 191, 185 563,089 8.15 _ Total Allocated Expenses 4,339,857 1,565.448 5,905,305 85.48 Unallocated Expenses Telephone 41,287 .60 Insurance 27,591 .40 . Employee Welfare 234,062 3.39 Social Security 206,299 2.99 Depreciation Funded 165,000 2.39 — Depreciation Not Funded 22,933 .33 Bad Debts and Collection Expense 165,146 2,39 Total Unallocated Expenses 862,318 12.48 -- Total Expenses 6 7� 96 97 Schedule 2 7 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 1.15 181,873 165,782 347,655 5.36 - 33,870 24,780 58,650 .90 41,817 1,915 43,732 .68 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 j 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 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 li 70,404 19,685 90,089 1.39 - 765 765 .01 154,873 20,110 174,983 2.70 j 116,691 5,973 122,664 1.89 339,422 180.369 519,791 8.01 4,155,429 1,500,458 5,655,887 87.20 I 40,977 .63 27,947 .43 166,830 2.57 193,435 2.98 165,000 2.55 22,991 .36 111.,800 1.72 728,980 11.24 6.384,867 98.44 I. Schedule 2 8 WELD COUNTY GENERAL HOSPITAL Greeley. Colorado Mead Hall Rental Income For The Years Ended December 31. 1972 and 1971 1972 1971 Income from Rentals 15,999 12,565 Expenses Utilities 1,963 1,991 Housekeeping 628 524 Maintenance 1,493 2,032 Insurance 420 360 Supplies 1.305 839 Total Expenses 5,809 5,746 Net Rental Income 10.190 6.819 Note: i No provision has been made for depreciation of the buildings and equipment. — Sche$ule 3 WELD COUNTY GENERAL HOSPITAL Greeley. Colorado Reese Properties Rental Income For The Years Ended December 31. 1972 and 1971 1972 1971 Income from Rentals 13,095 12,287 Expenses • Interest 4,084 4, Insurance 280 240 240 • Maintenance and Repairs 2,963 2,337 • Supplies and Miscellaneous Expense 1,294 2,040 Utilities 2.532 2.507 Total Expenses 11,153 11,620 Net Rental Income 1 42 667 • • • • • • • • Note: No provision has been made for depreciation of the buildings, improvements, • and equipment. • • • • • • • • Schedule 4 10 • Hello