New Jersey Administrative Code
Title 10 - HUMAN SERVICES
Chapter 49A - NURSING FACILITY PATIENT CARE RATIO REQUIREMENTS
Subchapter 2 - DISCLOSURE AND REPORTING REQUIREMENTS
Section 10:49A-2.5 - Required reported expenses: facility operating expenses
Universal Citation: NJ Admin Code 10:49A-2.5
Current through Register Vol. 56, No. 18, September 16, 2024
(a) A facility must report amounts paid, or accrued, during the PCR reporting year in order to secure facility space and maintain it in habitable and licensable condition. Amounts must be reported in the aggregate for each of the following distinct categories:
1. A single aggregate amount must be reported
for all equipment, maintenance, telecommunications, and utility expenses
attributable to buildings and equipment used for resident living, activities,
services, and support functions, including, but not limited to, food service
and transportation. If administrative offices are attached to these buildings,
expenses for similar items may be included in this total if they are dedicated
solely to the operations of the reporting facility. Expenses for areas that are
not used solely by, or for, residents may only be reported in this category if
the amount is allocated on a pro rata basis, based on the proportion of actual
resident use, as calculated over the course of the PCR reporting
year;
2. A single aggregate amount
must be reported for all depreciation and rent expenses attributable to
property, plant, and equipment (PP&E) used for resident living, activities,
services, and support functions, such as food service and transportation.
PP&E that are not used solely by, or for, residents may only be reported in
this category if the amount is allocated on a pro rata basis, based on the
proportion of actual resident use, as calculated over the course of the PCR
reporting year;
3. Depreciation
must match the amount that would be recognized on a facility's income statement
in accordance with GAAP, as defined by the Financial Standards Accounting Board
for the reporting year. Facilities may not report the total cash outlay or
balance sheet asset generated by a capitalized expenditure. Facilities shall
not report accelerated depreciation used for internal reporting or tax filing;
and
4. No amount shall be reported
for all other facility operating expenses. Other facility operating expenses
means amounts not allowable under any other category.
Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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