N.Y. Public Health Law § 4658: Annual statement

* § 4658. Annual statement. 1. Within four months of close of an

operator's fiscal year, unless an extension of time to file has been

granted, the operator shall file an annual statement with the

commissioner showing the condition as of the last day of the preceding

calendar or fiscal year. If the commissioner does not receive the annual

statement within four months of the end of the operator's fiscal year or

has not granted an extension of time to file, the commissioner may

charge a late fee.

2. The annual statement shall be in such form as the commissioner

prescribes and shall contain at least the following:

a. Any change in status with respect to the information required to be

submitted pursuant to section forty-six hundred fifty-seven of this

article;

b. Financial statements audited by an independent certified public

accountant, which shall contain, for two or more periods if the

community has been in existence that long, the following:

(i) notes to the financial statements considered customary or

necessary to ensure full disclosure of the financial statements,

financial condition, and operation; and

(ii) an accountant's opinion and, in accordance with generally

accepted accounting principles: (A) a balance sheet, (B) a statement of

income and expenses, (C) a statement of equity or fund balances, and (D)

a statement of changes in financial position;

c. A detailed listing of the assets maintained for the reserves; and

d. Such other reasonable financial and other information as the

commissioner may require with respect to the operator or the community,

or its directors, controlling persons, trustees, members, branches,

subsidiaries or affiliates to determine the financial status of the

community and the management capabilities of the operator.

3. Sixty days before commencement of each calendar or fiscal year or

official opening date, whichever is applicable, each operator shall file

with the commissioner a computation of the annual long-term debt service

and a projected annual revenue and expense summary for the next ten

years.

* NB There are 2 § 4658's