Section 16.03.10.603 - ICF/IID: REPORTING SYSTEM PRINCIPLE AND APPLICATIONThe provider will be required to file mandatory annual cost reports.
01.Cost Report Requirements. The fiscal year end cost report filing must include: a. Annual income statement (two (2) copies);c. Statement of ownership;d. Schedule of patient days;e. Schedule of private patient charges;f. Statement of additional charges to residents over and above usual monthly rate; andg. Other schedules, statements, and documents as requested.02.Special Reports. Special reports may be required. Specific instructions will be issued, based upon the circumstance.03.Criteria of Reports. All reports must meet the following criteria: a. State-approved formats are used.b. Presented on accrual basis.c. Prepared in accordance with generally accepted accounting principles and principles of reimbursement.d. Appropriate detail is provided on supporting schedules or as requested.04.Preparer. It is not required that any statement be prepared by an independent, licensed or certified public accountant.05.Reporting by Chain Organizations or Related Party Providers. PRM, Section 2141.7, prohibits the filing of combined or consolidated cost reports as a basis for cost reimbursement. Each facility so related must file a separate set of reports. These cost reports will be required for each level of organization that allocates expenses to the provider. Consolidated financial statements will be considered supplementary information and are not acceptable as fulfilling the primary reporting requirements.06.Change of Management or Ownership. To properly pay separate entities or individuals when a change of management or ownership occurs, the following requirements will be met:a. Outgoing management or administration will file an adjusted-period cost report if it is necessary. This report will meet the criteria for annual cost reports, except that it will be filed not later than sixty (60) days after the change in management or ownership.b. The Department may require an appraisal at the time of a change in ownership.07.Reporting Period. When required for establishing rates, new ICF/IID providers will be required to submit cost projections for the first year of operations. Thereafter, the normal reporting period coincides with the provider's standard fiscal year. If a provider withdraws from the program and subsequently re-enters, the new provider reporting requirements will apply.Idaho Admin. Code r. 16.03.10.603