Attachment L - KDVA OKVC FY23 Balance Sheet.xlsx

This is a Balance Sheet for the Kentucky Department of Veterans Affairs (KDVA) reporting the financial position of four skilled nursing facilities (SNFs) as of June 30, 2022: Eastern Kentucky Veterans Center, Radcliff Veterans Center, Thomson-Hood Veterans Center, and Western Kentucky Veterans Center. The document presents a comprehensive financial snapshot prepared on February 7, 2023, detailing all asset accounts, liability accounts, retained earnings, and net income/loss across the four facilities combined.

The balance sheet shows total assets of $37,624,490, comprised primarily of building assets valued at $58,822,797, accumulated depreciation of -$25,973,624, and various accounts receivable from multiple payers including Medicaid ($1,210,655), Medicare A and B, Veterans Administration ($73,550), managed care, and hospice services. Total liabilities are reported at $97,432,460, with the majority consisting of cash clearing accounts ($35,426,475) and non-cash clearing accounts ($61,560,417). The consolidated financial position reflects a significant net loss of $8,083,784 for the period and retained earnings deficit of -$51,724,186, indicating substantial accumulated operating losses across the four veteran care facilities.