MSRDP Summary of Operations
FY 2012 - For the year ended August 21, 2011 (unaudited)
source: Angela Smith, Medical School
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Operating Revenues: |
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Gross Patient Charges |
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Gross Patient Charges Related to Uncompensated Care (Note 2) |
$ 506,204,168.00 |
506,204,168.00 |
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Other Gross Patient Charges |
225,590,925.01 |
225,590,925.01 |
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Total Gross Patient Charges |
$731,795,093.01 |
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Less: Discounts and Allowances |
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Contractual Allowances - Medicaid |
(214,656,621.08) |
(214,656,621.08) |
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Contractual Allowances - Medicare |
(102,829,227.31) |
(102,829,227.31) |
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Contractual Allowances - Managed Care and Other Insurance |
(138,439,512.08) |
(138,439,512.08) |
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Other Unreimbursed Medical Charges |
(83,935,035.81) |
(83,935,035.81) |
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Bad Debt Expense |
(29,604,071.84) |
(29,604,071.84) |
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Total Discounts and Allowances |
(569,464,468.12) |
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Net Patient Revenues |
162,330,624.89 |
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Contractual Revenues |
188,619,914.01 |
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Other Operating Revenues |
6,749,309.83 |
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Total Operating Revenues |
357,699,848.73 |
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Operating Expenses: |
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Faculty Salaries |
166,257,313.16 |
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Staff Salaries |
74,924,589.05 |
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Fringe Benefits |
43,863,982.78 |
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Maintenance and Operations |
54,077,869.00 |
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Travel |
2,320,950.98 |
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Official Functions |
737,454.66 |
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Other Expenses |
5,680,176.29 |
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Total Operating Expenses |
347,862,335.92 |
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Operating Income (Loss) |
9,837,512.81 |
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Nonoperating Revenues (Expenses): |
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Gift Contributions for Operations |
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Investment Income |
798,107.02 |
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Net Increase (Decrease) in Fair Value of Investments |
864.25 |
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Net Nonoperating Revenues (Expenses) |
798,971.27 |
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Income (Loss) Before Other Revenues, Expenses, Gains or Losses |
10,636,484.08 |
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Transfers In: |
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Interfund/Interagency |
(8,023,834.60) |
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Transfers Out: |
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Debt Service |
(1,951,259.11) |
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Capital Outlay |
(5,194,633.98) |
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Interfund/Interagency |
(23,175.00) |
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Change in Net Assets |
(4,556,418.61) |
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Net Assets - September 1, 2011 |
82,541,833.31 |
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Net Assets - August 31, 2012 (see below) |
$77,985,414.70 |
Note: Includes the operations of the nonprofit healthcare corporation.
Ending Net Assets August 31, 2012 was composed of the following:
Encumbrances 3,981,403.15
Accounts Receivable (less unearned revenue portion) 40,070,603.26
Deposits 124,480.37
Prepaid Expenses 1,078,821.17
Deferred Charges 1,078,821.17
Imprest Funds (from Schedule A-1) 5,672.00
Capital Projects 2,023,070.00
Debt Service 1,990,974.00
Unallocated 28,219,144.42
Total Net Assets 77,985,414.70
