Attachment K - KDVA-OKVC FY22 Income Statement.xlsx

This is a Fiscal Year 2022 Income Statement for the Kentucky Department of Veterans Affairs (KDVA) covering four skilled nursing facilities (SNFs): Eastern Kentucky Veterans Center, Radcliff Veterans Center, Thomson-Hood Veterans Center, and Western Kentucky Veterans Center. The statement covers the period from July 1, 2021, to June 30, 2022, and presents a condensed financial overview of the consolidated operations across these four veteran care facilities. The statement was generated on February 7, 2023, and includes actual financial data for the fiscal year without adjustment or closing periods.

The consolidated facilities generated total revenue of $65,673,778, comprised of room and board revenue ($13,723,442), contractual allowance adjustments for room and board ($30,438,528), ancillary services ($5,464,378), contractual allowance adjustments for ancillaries ($4,786,872), and other revenue ($20,834,303). Total expenses for the period reached $73,923,202, including salaries and wages totaling $19,709,823 across nursing, administrative, activities and social services, resident services, dietary, housekeeping, and maintenance departments; employee benefits of $24,585,613; and operational expenses including nursing, dietary, plant and maintenance, general and administrative, and ancillary costs. The consolidated operations resulted in a net loss of $8,166,604 for the fiscal year, indicating that expenses exceeded revenues by this amount.