Code of Maine Rules
10 - DEPARTMENT OF HEALTH AND HUMAN SERVICES
144 - DEPARTMENT OF HEALTH AND HUMAN SERVICES - GENERAL
Chapter 115 - PRINCIPLES OF REIMBURSEMENT FOR RESIDENTIAL CARE FACILITIES - ROOM AND BOARD COSTS
Section 144-115-23 - AMORTIZATION

Universal Citation: 10 ME Code Rules ยง 144-115-23

Current through 2024-38, September 18, 2024

23.1 General.Prior to admitting members, certain costs are incurred, which are referred to as start-up costs. These costs must be capitalized as deferred charges and amortized over a period of sixty (60) consecutive months, beginning with the first month members are admitted. Start-up costs include, for example, routine and direct service salaries, pay roll payrolltaxestaxes and fringe benefits, heat, gas, electricity, taxes, insurance, mortgage and other interest, employee training costs, repairs and maintenance, housekeeping, and any other allowable costs incident to the start-up period.

23.2 Costs that are properly identifiable as organization costs, or which may be capitalized as construction costs must be appropriately classified as such and excluded from start-up costs.

23.2.1 Legal fees paid for organizational expenses are to be amortized over a sixty (60) month period.

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