Attachment L - KDVA OKVC FY23 Balance Sheet.xlsx
XLSX spreadsheet 11 KB Posted
- Attached to
- KDVA Directors & Officers Liability Insurance
- Solicitation number
- RFB-758-2300000459-3
- Issued by
- Hardin County, Kentucky
About this file
This document is a balance sheet for the Kentucky Department of Veterans Affairs (KDVA) for the four Kentucky Veterans Centers - Eastern Kentucky Veterans Center - SNF, Radcliff Veterans Center - SNF, Thomson-Hood Veterans Center - SNF, and Western Kentucky Veterans Center - SNF as of June 30, 2022. The balance sheet shows the current assets and liabilities for the centers, including accounts receivable for various payers such as Medicaid, Medicare, private insurance, and the Veterans Administration. The major asset categories include buildings, land improvements, equipment, and vehicles, with accumulated depreciation. The major liability categories include cash and non-cash clearing accounts, and accounts payable related to the Radcliff Veterans Center parking lot.
The balance sheet indicates a net loss of $8,083,784 for the fiscal year. The retained earnings show a deficit of $51,724,186. This suggests the Kentucky Veterans Centers are facing financial challenges that will need to be addressed through budgeting, revenue optimization, and cost control measures.
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Text version
KDVA OKVC- FY23Balance Sheet
| ?"Date: Feb 7 | 2023" | Kentucky Department of Veterans Affairs |
| Time: 15:05:57 EST | ||
| Balance Sheet | ||
| User: Rodgers, Michael | ||
| As Of 6/30/2022 | ||
| Include Adjustment Periods: NO | Include Closing Periods: NO | |
| Included: | Eastern Kentucky Veterans Center - SNF, Radcliff Veterans Center - SNF, Thomson-Hood Veterans Center - SNF, Western Kentucky Veterans Center - SNF | |
| CURRENT PERIOD_Actual $ | ||
| Assets | ||
| A/R - Private Pay | 1,450 | |
| A/R Medicare B Coins from Priv | 4,522 | |
| A/R Medicaid | 1,210,655 | |
| A/R Med A Coins from Mcaid | 15,342 | |
| A/R Medicare A | 208,549 | |
| A/R Medicare B | 97,171 | |
| A/R Medicare A Coins from Ins | 46,534 | |
| A/R Medicare B from Ins | 10,345 | |
| A/R Veterans Administration | 73,550 | |
| A/R Managed Care | 47,682 | |
| A/R Private Insurance | -64 | |
| A/R Hospice Medicaid | 150,611 | |
| Hospice VA | 26,497 | |
| Bad Debt | 59,485 | |
| A/R Affiliate | 12,903 | |
| A/R RDVC Parking Lot | 445,567 | |
| Building | 58,822,797 | |
| Land Improvements | 524,993 | |
| Equipment | 1,772,142 | |
| Vehicles | 31,978 | |
| Accumulated Depreciation | -25,973,624 | |
| Pending Fixed Assets | 35,406 | |
| TOTAL Assets | 37,624,490 | |
| Liabilities and Equity | ||
| Liabilities | ||
| Cash Clearing Account | 35,426,475 | |
| Non-Cash Clearing Account | 61,560,417 | |
| A/P THVC Parking Lot | 445,567 | |
| TOTAL Liabilities | 97,432,460 | |
| Retained Earnings | ||
| Retained Earnings | -51,724,186 | |
| TOTAL Retained Earnings | -51,724,186 | |
| Equity | ||
| TOTAL Equity | 0 | |
| Inter-Company | ||
| TOTAL Inter-Company | 0 | |
| Net Income/(Loss) | ||
| Net Income | -8,083,784 | |
| TOTAL Net Income/(Loss) | -8,083,784 | |
| TOTAL Liabilities and Equity | 37,624,490 |
File details come from the government source that posted it. Updated .