N.J. Admin. Code § 8:31B-4.67
Current through Register Vol. 56, No. 11, June 3, 2024
Section 8:31B-4.67 - Non-operating revenues (net of expenses)(a) Income, net of expenses, or Investment in Rental Property to physicians or others is excluded from Revenue Related to Patient Care and treated as Case A.(b) Income or Investment, net of transaction expense, of Operating Fund are to be applied as offsets against Costs Related to Patient Care and treated as Case B.(c) Income or Investments, net of transaction expense, of Board Designated Funds are not to be included in Costs Related to Patient Care and are treated as Case C.(d) Unrestricted Income from Donor Restricted Plant and Endorsement Funds are not to be included in Revenue Related to Patient Care and treated as Case C.(e) Transfer from Restricted Funds, other than Specified Purpose Funds (i.e., expenditures from principal and interest on gifts which are donor restricted) are not included as Revenue Related to Patient Care and treated as Case C.(f) Unrestricted Donations, net of Fundraising Costs, are not to be included as Revenue Related to Patient Care and treated as Case C.(g) Transfer of Specific Purpose Funds to the Unrestricted Fund and Specific Purpose Grants and other funds received from the Federal Government, New Jersey State Government, New Jersey Heart Association, or other governmental or charitable organizations are offset against Costs Related to Patient Care (with the exception of those from the Graduate Medical Education Program for primary care residency programs in Family Practice, Internal Medicine, Pediatrics or Obstetric/Gynecology). However, grants on behalf of the medically indigent are to be reported as a contra-deducted from Gross Revenue Related to Patient Care (operating). "Seed Money" ... received with a grant is similarly offset against operating expenses unless this would result in grants being withheld from New Jersey institutions (Case B).(h) Primary Care Residency Specific Purpose Grants and income from primary care residency specific purpose funds (i.e., grants for the support of LCGME approved residency program in Family Practice, Internal Medicine, Pediatrics, Obstetrics/Gynecology) are not to offset the costs of such programs and treated as Case C.(i) Interest Income on Trustee-held Funds related to borrowing or loans is a Case B, unless a hospital is prohibited from using the funds to offset current debt service obligations. If the hospital is prohibited from using the funds, the interests and income earned is a Case C until these funds are released for the hospital's benefit.(j) Interest income from financial charges on delinquent accounts receivable shall not be included in Costs Related to Patient Care. Income shall be treated as a Case C item.N.J. Admin. Code § 8:31B-4.67
Amended by R.1983 d.596, effective 12/19/1983.
See: 15 New Jersey Register 1334(a), 15 New Jersey Register 2166(a).
(i) added.
Amended by R.1992 d.62, effective 2/3/1992.
See: 23 New Jersey Register 3097(a), 24 New Jersey Register 425(a).
Interest on finance charges deleted from (b); (j) added.
Amended by R.1993 d.593, effective 11/15/1993.
See: 25 New Jersey Register 3117(a), 25 New Jersey Register 5149(a).
Amended by R.2006 d.27, effective 1/17/2006.
See: 37 New Jersey Register 2165(a), 38 New Jersey Register 667(a).
In (f), substituted "Fundraising" for "Funding Raising."