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
2063 Advances--Blue Cross
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.
VOLUME C (Title 10)