Title: Section 444.4 - Unrestricted fund liabilities

444.4 UNRESTRICTED FUND LIABILITIES. (3130)

(a) CURRENT LIABILITIES. (3131)

(1) 2010 NOTES AND LOANS PAYABLE

2011 Notes and Loans Payable--Vendors

2012 Notes and Loans Payable--Banks

2013 Current Portion of Long-Term Debt

2019 Other Notes and Loans Payable

These accounts reflect liabilities of the hospital to vendors, banks and others, evidenced by promissory notes due and payable within one year.

(2) 2020 ACCOUNTS PAYABLE

2021 Trade Payables

2029 Other Accounts Payable

The balance of these accounts must reflect the amounts due trade creditors and others for supplies and services purchased.

(3) 2030 ACCRUED COMPENSATION AND RELATED LIABILITIES

2031 Accrued Payroll

2032 Accrued Vacation, Holiday and Sick Pay

2033 Other Accrued Salaries and Wages Payable

2034 Non-Paid Workers Services Payable

2035 Federal Income Taxes Withheld

2036 Social Security Taxes Withheld and Accrued

2037 State Income Taxes Withheld

2038 Local Income Taxes Withheld

2039 Unemployment Taxes Payable

2041 Accrued Hospitalization Insurance Premiums

2042 Union Dues Payable

2049 Other Payroll Taxes and Deductions Payable

The balances of these accounts reflect the actual or estimated liabilities of the hospital for salaries and wages payable, as well as related amounts payable for payroll taxes withheld from salaries and wages, payroll taxes to be paid by the hospital, and other payroll deductions, such as hospitalization insurance premiums. Non-Paid Worker Services Payable (account 2034) refers to amounts payable to Motherhouses, etc. for the services of nonpaid workers.

(4) 2050 OTHER ACCRUED EXPENSES

2051 Interest Payable

2052 Rent Payable

2053 Property Taxes Payable

2054 Fees Payable--Medical Specialists

2055 Fees Payable--Other

2059 Other Accrued Expenses Payable

These accounts include the amounts of those current liabilities that have accumulated at the end of the month or accounting period because of expenses, incurred up to that time.

(5) 2060 ADVANCES FROM THIRD-PARTY PAYORS

2061 Advances--Medicare

2062 Advances--Medicaid

2063 Advances--Blue Cross

2069 Advances--Other

Include in these accounts liabilities to third-party payors for current financing and other types of advances due and payable within one year.

Do not include liabilities to third-party payors arising from reimbursement settlements. Such liabilities must be included in account 2070--Payable to Third-Party Payors.

(6) 2070 PAYABLE TO THIRD-PARTY PAYORS

2071 Reimbursement Settlement Due--Medicare

2072 Reimbursement Settlement Due--Medicaid

2073 Reimbursement Settlement Due--Blue Cross

2079 Reimbursement Settlement Due--Other

These accounts reflect reimbursement settlements due to third-party payors. Separate sub-accounts may be maintained within each account for each year's settlement included.

(7) 2080 DUE TO OTHER FUNDS

2082 Due to Board-Designated Assets

2083 Due to Plant Replacement and Expansion Fund

2084 Due to Specific Purpose Fund

2085 Due to Endowment Fund

These accounts reflect the amounts due to other funds by the Operating Fund. Under no circumstances should these accounts be construed as payables in the sense that an obligation external to the hospital exists.

(8) 2090 INCOME TAXES PAYABLE

2091 Federal Income Taxes Payable

2092 State Income Taxes Payable

2093 Local Income Taxes Payable

Include in these accounts the amount of current income taxes payable.

(9) 2110 OTHER CURRENT LIABILITIES

2111 Deferred Income--Patient Deposits

2112 Deferred Income--Tuition and Fees

2113 Deferred Income--Other

Deferred income is defined as income received or accrued which is applicable to services to be rendered within the next accounting period and/or the current year's effect of deferred income items classified as non-current liabilities.

Deferred income applicable to accounting periods extending beyond the next accounting period should be included in accounts 2120-2140 (Deferred Credits and Other Liabilities) or in account 2270 (Other Non-Current Liabilities).

2114 Dividends Payable

2115 Current Maturities of Long-Term Debt

2116 Intercompany Indebtedness, Current

2117 Construction Retention Payable

2118 Construction Contracts Payable

2119 Other Current Liabilities

Include in these accounts the amount of Operating Fund current liabilities for which special accounts have not been provided elsewhere, including bank overdrafts.

(b) DEFERRED CREDITS AND OTHER LIABILITIES. (3132)

(1) 2120 DEFERRED INCOME TAXES

2121 Deferred Taxes Payable--Federal 2122 Deferred Taxes Payable--State

2123 Deferred Taxes Payable--Local

(2) 2130 DEFERRED THIRD-PARTY REVENUE

2131 Deferred Revenue--Medicare

2132 Deferred Revenue--Medicaid

2133 Deferred Revenue--Blue Cross

2139 Deferred Revenue--Other

These accounts reflect the effects of any timing differences between book and tax or third-party reimbursement accounting.

(3) 2140 OTHER DEFERRED CREDITS

This account should reflect all deferred credits not specifically identified elsewhere.

(c) LONG-TERM DEBT. (3133)

2210 Mortgages Payable--FHA

2220 Mortgages Payable--Other

2230 Construction Loans

2240 Notes Under Revolving Credit

2250 Capitalized Lease Obligations

2260 Bonds Payable--Taxable

2270 Bonds Payable--Tax Exempt

2280 Intercompany Indebtedness, Non-current

2280 Other Non-current Liabilities

These accounts reflect those liabilities that have maturity dates extending more than one year beyond the current year-end.

(d) BOARD-DESIGNATED LIABILITIES. (3134)

(1) 2480 DUE TO OTHER FUNDS

2483 Due to Plant Replacement and Expansion Fund

2484 Due to Specific Purpose Fund

2485 Due to Endowment Fund

These accounts reflect the amounts due to other funds by Board-Designated Assets.