16 Del. Admin. Code § 3325-9.0

Current through Register Vol. 28, No. 5, November 1, 2024

Section 3325-9.0 - Consolidated Financial Statements

9.1 A facility may make written application to DHSS for approval to file consolidated financial statements in lieu of separate annual financial statements if the facility is part of a group. Consolidated statements must meet the following requirements:

9.1.1 Amounts shown on the consolidated audited financial report shall be shown on the worksheet;

9.1.2 Amounts for each separately licensed facility subject to this section shall be stated separately;

9.1.3 Non-facility operations may be shown on the worksheet on a consolidated or individual basis;

9.1.4 Explanations of consolidating and eliminating entries shall be included;

9.1.5 A reconciliation of any differences between the amounts shown in the individual facility columns of the worksheet and comparable amounts shown on the annual statements of the facilities shall be included;

9.1.6 Notes on each facility included in a consolidated financial statement will be included with the notes of the consolidation with each separate facility clearly identified; and

9.1.7 Any statements completed in excess of 30 days after the closing of the audited period will be accompanied by an in-house prepared financial statement for each separately licensed facility. The period covered by the in-house statement will be from the audit end-date through the most recent facility monthly statement. The statement will be dated and certified as correct by the signature of the Chief Financial Officer.

16 Del. Admin. Code § 3325-9.0

19 DE Reg. 52( 7/1/2015) (Final)