Florida Regulations 59E-4.103: Prior Year Report Revisions, Ownership Change and Fiscal Year End (FYE) Change
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(1) A licensee or their home office may submit revisions to a prior year report. Revisions to financial data must be supported by audited financial statements. Revisions to data not included in audited financial statements must be accompanied by documentation to support the accuracy of the revised data. Revised data must be submitted in accordance with Fl. Admin. Code R. 59E-4.102, and will not be made available for internal or other governmental agency use until all revisions have been accepted.
(2) Change of Ownership. A prior year report shall be filed for the period from the effective date of the change of ownership to the end of the new owner’s fiscal year. The Agency may waive the reporting requirements as the result of a change of ownership in the following circumstances:
(a) The new owner does not change the fiscal year end of the licensee and is able to provide a prior year report for the entire fiscal year.
(b) The prior year report period required by this section covers less than nine months.
(3) Fiscal Year End Change. A licensee or their home office which changes its fiscal year end shall file its prior year report for the fiscal period ending on the date prior to the beginning of the new fiscal year within 120 days after such date.
(4) The Agency will not accept any prior year revisions of a previously accepted FNHURS report that is more than three fiscal years past the current fiscal year that is due to the Agency.
Rulemaking Authority 408.061(2), 408.15 FS. Law Implemented 408.061(2) FS. History-New 11-1-23.
Terms Used In Florida Regulations 59E-4.103
- 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.
(a) The new owner does not change the fiscal year end of the licensee and is able to provide a prior year report for the entire fiscal year.
(b) The prior year report period required by this section covers less than nine months.
(3) Fiscal Year End Change. A licensee or their home office which changes its fiscal year end shall file its prior year report for the fiscal period ending on the date prior to the beginning of the new fiscal year within 120 days after such date.
(4) The Agency will not accept any prior year revisions of a previously accepted FNHURS report that is more than three fiscal years past the current fiscal year that is due to the Agency.
Rulemaking Authority 408.061(2), 408.15 FS. Law Implemented 408.061(2) FS. History-New 11-1-23.