§ 19-216

169 words·~1 min read·/md/health-general/19-216

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§19–216.

(a)At the end of the fiscal year for a facility, at least 120 days following a merger or a consolidation, and at any other interval that the Commission sets, the facility shall file:

(1)A balance sheet that details its assets, liabilities, and net worth;

(2)A statement of income and expenses;

(3)The most recent Form 990 that the facility filed with the Internal Revenue Service; and

(4)Any other report that the Commission requires about costs incurred in providing services.

(1)A report under this section shall:

(i)Be in the form that the Commission requires;

(ii)Conform to the uniform accounting and financial reporting system adopted under this subtitle; and

(iii)Be certified by the facility’s certified public accountant.

(2)If the Commission requires, responsible officials of a facility also shall attest that, to the best of their knowledge and belief, the report has been prepared in conformity with the uniform accounting and financial reporting system adopted under § 19–211 of this subtitle.