Cullman Regional Medical Center Inc

“The health care authority of cullman county (authority)is the sole member of cullman regional medical center inc.”

“The authority appoints the voting majority of the organization's board and controls the operations as well.”

“The authority appoints the voting majority of the organization's board and controls the operations of the organization.”

“Management assists in preparing schedules, reviews the entire draft of the form 990 for content, and recommends changes, if any. Prior to filing, the cfo, and accounting department review the form. The final form, as it is ultimately filed with all schedules and attachments, is made available to the board members prior to filing with the irs.”

“Annually, board members, officers, and departmental directors must identify any conflict, management monitors and may suggest any areas of conflict. The board chairman or administration reviews actual and perceived conflicts of interest. In the event of a conflict, the member or officer with the conflict will dismiss themselves from the discussion and any votes on the issue.”

“Annually the board (or a committee charged with the responsibility and authority to do so on behalf of the board) reviews the compensation package and proposed contract of the ceo. The review is conducted by independent board members, is based upon a comparative analysis, and is documented in the records of the board reflecting the basis of the determination by the the board (or authorized committee).”

“The organization makes its governing documents, conflict of interest policy and financial statements available to any member of the public who makes their request at the administrative offices of the organization.”

“Crmc provides acute care patient services which are rendered to all members of the community regardless of their ability to pay. Crmc uses charity applications based upon federal poverty guidelines and family size to determine eligibility following services provided. Crmc provides care 24 hours per day, seven days a week and has provided 35,038 inpatient days care, 7.54% were not covered by any governmental or private insurance plan; 43,455 emergency room visits, 18.43% were not covered by any governmental or private insurance plan; and 102,805 outpatient visits, 7.62% not covered by any governmental or private insurance plan. The total unreimbursed cost of medical services provided to those not covered by any governmental or private insurance plan is reported on schedule h. Crmc also provides community education and wellness activities to the community and is a major contributor to a local indigent clinic servicing cullman county.”

“Change in temporary restricted assets of affiliate 176,126 change in unrestricted assets of affiliate -362,608 total -186,482 in june 2017, the gasb issued statement no. 87, leases (gasb 87). Gasb 87 establishes standards of accounting and financial reporting by lessees and lessors and establishes a single model for lease accounting based on the foundational principle that leases are financings of the right to use an underlying asset. Gasb 87 will require a lessee to recognize a lease liability and an intangible right-to-use lease asset at the commencement of the lease term, with certain exceptions, and will require a lessor to recognize a lease receivable and a deferred inflow of resources at the commencement of the lease term, with certain exceptions. Gasb 87 is effective for fiscal years beginning after june 15, 2021, with gasb 95 deferral. The authority adopted gasb 87 on july 1, 2021 and retroactively implemented the statement effective july 1, 2020. As lessee, the adoption of this statement resulted in an increase in lease obligations of approximately 24,301,000 and 23,455,000 and related right-to-use lease assets of approximately 24,301,000 and 22,635,000 as of july 1, 2020 and 2021, respectively. As lessor, the adoption of this statement resulted in an increase in lease receivable of approximately 1,001,000 and 958,000 and related deferred inflows of resources of approximately 1,001,000 and 957,000 as of july 1, 2020 and 2021, respectively. The adoption of the standard also resulted in a reduction in beginning net position of 869,556 for the fiscal year ended june 30, 2022.”