Central Florida Cares Health System Inc

“On october 25, 2023, cfchs was a victim of internet fraud which compromised cfchs' checking account and resulted in significant unauthorized transfers. Cfchs has engaged legal counsel and, with the assistance of the affected financial institution, its own forensic consultant, and law enforcement is investigating the fraud. The investigation has determined that there were no residual impacts from the incident that would cause an impact or disruption to services in the provider network. Cfchs had coverage through a cyber-insurance policy that, based on the advice of legal counsel, should allow for at least partial recovery of any otherwise unrecovered loss from the incident. However, the ultimate financial impact of the incident cannot be determined until the conclusion of the investigation and the outcome of future events which are inherently uncertain at this time. Accordingly, no adjustments or provisions related to the incident have been included in the current year.”

“The form 990 will be presented to the finance committee for review and approval. The finance committee chair will then present the board with the approved form 990 for review and approval. Upon approval by the board, the form 990 will be filed with the irs.”

“Cfchs distributes a list of its providers, contractors and vendors to its board members and staff at least once per year. Recipients are asked to review the list and disclose any conflict that they have with the listed entities. Conflicts are disclosed on a form and recipients are required to attest to their completed form. Staff is provided with training on conflict of interest definitions and reporting requirements. A list of all disclosed conflicts is maintained and used at board meetings to ensure that, as applicable, members with disclosed conflicts are recused from voting.”

“The ceo, cfo, and coo were interviewed and hired by central florida cares health system's board of directors' executive committee. Determination for comparability data and contemporaneous substantiation was performed by the executive committee.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Contract services - adult mental health: program service expenses 62,792,119. Management and general expenses 0. Fundraising expenses 0. Total expenses 62,792,119. Contract services - adult substance abuse: program service expenses 36,451,644. Management and general expenses 0. Fundraising expenses 0. Total expenses 36,451,644. Contract services - child substance abuse: program service expenses 12,270,023. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,270,023. Contract services - child & adolescent mental health: program service expenses 4,744,758. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,744,758. Payroll processing fees: program service expenses 0. Management and general expenses 9,237. Fundraising expenses 0. Total expenses 9,237. Other professional fees: program service expenses 0. Management and general expenses 128,459. Fundraising expenses 0. Total expenses 128,459.”

“Oversight of audit and selection of independent accountant: the finance committee is responsible for the selection, monitoring and evaluation of an independent audit firm and oversight of the audit of its financial statements. There was no change in this process.”