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Tag Archives: Cost Reports

Partner Announcement

Pam Williams0 Comment

meagan partner picLangdon & Company LLP is pleased to announce that Meagan L. Bulloch, CPA has been admitted as partner in our audit practice.  Meagan joined Langdon & Company LLP in 2008 and has over ten years of public accounting experience including work for Ernst and Young LLP in their Raleigh, NC office.  She is a graduate of North Carolina State University with a Bachelor of Science and Masters of Science in Accounting.

Meagan’s focus is to provide audit and attest services to clients primarily in the nonprofit, healthcare and small business industries.  She is also experienced in the preparation of Medicare and Medicaid cost reports.  Meagan was also recently published in the Common Ground newsletter, a publication of the N.C. Center for Nonprofits.  She is an active member of the American Institute of Certified Public Accountants and the North Carolina Association of Certified Public Accountants.

Meagan lives in Angier, North Carolina with her husband and two children.

Adult Care Home News

Pam Williams0 Comment

by Rachel Owensdhhs

We now have some clarity when it comes to DHHS compliance for Adult Care Homes (ACH).  Last year, the North Carolina General Assembly passed General Statute 131 D-4.1-4.3. It was under this statute, that the Adult Care Cost Report requirement returned.  These cost reports are mandatory for facilities receiving State/County Special Assistance Program funds. Types of facilities subject to this requirement include nursing home combination facilities with adult care beds, mental health supervised living facilities, and all other  adult care homes (Licensed under general Statute Chapters 131E, 122C, and 131D, respectively).

In addition to these cost reports, any of these facilities that are licensed for 7 or more beds, are to be audited.  This audit is of the cost report information in the form of Agreed-Upon-Procedures (AUPs), that must be done by a certified public accountant (CPA)/independent accountant.

The requirements for the combination facilities are slightly different since they are based on the Medicare’s requirements of Skilled Nursing facilities.  Combined nursing facilities should submit a cost report and related AUPs based on their last completed Medicare cost report, which in most cases covers October 2013 through September 2014.

Important Dates:  For the mental health facilities, the reporting period is July 1, 2014 through June 30, 2015.  The reporting period for adult care home facilities is October 1, 2014 through September 30, 2015.

The due date is December 31, 2015 for all facilities.

All facilities that do not receive any funds through the State/County Special Assistance Program are considered exempt and an exemption form must be completed.  This form can be found on the DHHS Office of the Controller’s website at www.ncdhhs.gov/control.

Nursing-homeThe ACH cost report software is also available online, here.  All questions related to the AUPs can be addressed to [email protected].  If you have questions about cost report and AUP preparation, please contact our office.