10 Guam Code Ann. § 80116
Terms Used In 10 Guam Code Ann. § 80116
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(b) All moneys received by the Hospital from whatever source derived shall be deposited in said Fund and eligible banks as defined in Title 5 Guam Code Ann.
§ 21112.
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(c) All appropriations, if any, by I Liheslaturan Guåhan from the General Fund to the Hospital shall be transferred to the Fund on a quarterly basis upon certification by the Hospital of the need therefore;
(d) All expenditures, including payments into sinking or other special accounts and debts, liabilities, obligations and operational expenses of the Hospital shall be paid from the Fund;
(e) The Hospital shall report to I Maga’lahi and I Liheslatura concerning administration of the affairs of the Hospital. The annual report shall be presented within one hundred twenty (120) days after the end of each fiscal year and special reports, if any, shall be presented within thirty (30) days after the end of each intervening quarter. The financial information presented in the reports shall be in accordance with the uniform system of accounting adopted by the Hospital.
(f) Bi-weekly Receivables Updates. The Hospital shall post on its official website, and shall update such postings on a bi-weekly basis, a complete listing of each of its accounts receivable, aged according to established accounting practices, and further defined as follows:
(1) Government receivables, billings and payments, which include amounts due and paid from the U.S. Government (Medicare), from the Government of Guam (Medicaid, Medically Indigent Program, Worker’s Compensation), and from other governments, including the various Freely Associated States. Receivables from each entity shall be individually labeled and entered.
(2) Health insurance receivables, billings and payments, which include all amounts due and paid from individual private sector health insurance providers. Receivables from each entity shall be individually labeled and entered when the total amount due from each entity amounts to Ten Thousand Dollars ($10,000) or more. Receivables from entities in this category amounting to less than Ten Thousand Dollars ($10,000) shall be entered as a lump sum.
(3) Self-payer receivables, billings and payments, which include amounts due and paid from entities, including individuals, corporations, organizations, or other business entities without any reference to specific names of such entities. Receivables from entities in this category shall be labeled as “”Self-payer Receivables””, “”Self-payer
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Billings””, and “”Self-payer Payments””, each of which shall be entered as a lump sum.
(4) All discounts granted to all payers in the reports under this
Subsection (f) shall be made a part of the report.
(5) Nothing in this reporting mandate shall authorize the Hospital to violate the federal Health Insurance Portability and Accountability Act (HIPAA) Law.
SOURCE: Added by 14-029:1 (May 27, 1977) as GC § 49010, entitled, “”Fiscal Authority; Accounting and Expenditures.”” Codified as 10 Guam Code Ann. § 80112. Subsection (f) added by P.L. 31-036:2 (Apr. 18, 2011). Repealed and added as 10 Guam Code Ann. § 80116 by P.L. 30-190:1 (Aug. 28, 2010).
2013 NOTE: This section was originally entitled “”Insurance Coverage.”” Added by
P.L. 20-017:8 (June 9, 1989). Repealed by P.L. 24-011:2 (Mar. 21, 1997).