28 Tex. Admin. Code § 33.306 - Financial Statement, Studies, and Forecasts
(a) Financial statements of the provider
shall be based on generally accepted accounting principles (GAAP), and shall
specifically address escrow accounts, trusts and reserve funds.
(b) If the provider operates more than one
facility or has other business interests, then financial statements shall
disclose, separately in supporting schedules: assets, including escrow
accounts, trusts, and reserve funds; liabilities; revenues; expenses; profits
or loses; and cash flows applicable to each individual facility, on a basis
comparable to filing separate statements.
(c) Any opinion regarding the financial
statements shall specifically address the supporting schedules for each
individual facility in addition to the financial statements of the
provider.
(d) Generally accepted
accounting principles (GAAP) shall be subordinate to any conflicting provision
or procedure adopted in this chapter that relates to the financial statement
presentation or accounting procedure.
(e) Studies and/or forecasts must disclose
the basic assumptions used.
(f) The
financial statements shall comply with §
33.505 of this title (relating to
Financial Condition).
Notes
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