Florida Regulations 59E-5.202: Prior Year Report Revisions, Ownership Change and Fiscal Year End (FYE) Change
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(1) A hospital may file revisions, amendments, restatements, corrections or other changes (hereinafter “”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-5.102, and will not be made available for internal or other governmental agency use until all revisions have been accepted.
(2) Ownership Change. Within 120 days of the last date of ownership of a facility by the previous owner, a prior year report shall be filed for the period from the beginning of the facility’s fiscal year to the effective date of the change of ownership. The new owner shall be responsible for ensuring that such filing is accomplished. The Agency may waive the separate reporting requirement in the following circumstances:
(a) If a new owner does not change the fiscal year end of the facility and provides the Agency with a written statement within 60 days of the change in ownership that such period of prior ownership will be included in the audited financial statements and actual report to be filed by the new owner within 120 days of the facility’s fiscal year end and that the new owner agrees to be responsible for all Agency-related obligations, fines, assessments, and other filing and reporting responsibilities for the entire fiscal year.
(b) If the new owner changes the fiscal year end, and the period of prior ownership is a period of one month or less and the hospital has provided a written request within 60 days of the change in ownership.
(3) Fiscal Year End Change. A hospital 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.
Rulemaking Authority 408.061, 408.15 FS. Law Implemented 408.072, 408.08, 408.15 FS. History-New 6-11-92, Formerly 10N-5.202, Amended 6-28-18.
Terms Used In Florida Regulations 59E-5.202
- 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) If a new owner does not change the fiscal year end of the facility and provides the Agency with a written statement within 60 days of the change in ownership that such period of prior ownership will be included in the audited financial statements and actual report to be filed by the new owner within 120 days of the facility’s fiscal year end and that the new owner agrees to be responsible for all Agency-related obligations, fines, assessments, and other filing and reporting responsibilities for the entire fiscal year.
(b) If the new owner changes the fiscal year end, and the period of prior ownership is a period of one month or less and the hospital has provided a written request within 60 days of the change in ownership.
(3) Fiscal Year End Change. A hospital 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.
Rulemaking Authority 408.061, 408.15 FS. Law Implemented 408.072, 408.08, 408.15 FS. History-New 6-11-92, Formerly 10N-5.202, Amended 6-28-18.