N.Y. PBH Law § 2803-B

§ 2803-b. Uniform reports and accounting systems for hospital costs.\n1. The council, after public hearings with respect to its proposed\nsystems of uniform hospital accounting and reporting, shall, by majority\nvote of its members and subject to approval of the commissioner, adopt\nand amend approved systems of uniform hospital accounting and reporting\nwhich are designed to enable hospitals to fairly, accurately and\nefficiently prepare the financial reports required by subdivision three\nof this section. Existing systems of accounting and reporting used by\nhospitals shall be examined and taken into consideration by the council\nin carrying out its function pursuant to this section. The council shall\ntake such steps as are necessary to adopt the approved system of uniform\nhospital accounting and reporting by January first, nineteen hundred\nseventy-five.\n 2. The council, where appropriate to reflect differences in hospital\nsize and services or in the method of providing or paying for hospital\nand related services, may allow for modifications in the accounting\nsystems approved pursuant to subdivision one of this section.\n 3. Every organization which operates, conducts or maintains a\nhospital, and the officers thereof, shall furnish to the department with\nrespect to each licensed hospital operated, conducted or maintained by\nthe organization, within one hundred twenty days after the close of each\nfiscal year commencing after the adoption of systems of uniform hospital\naccounting and reporting approved under subdivision one of this section,\nall of the following reports on forms specified by the council:\n (a) A balance sheet detailing the assets, liabilities and net worth of\nthe hospital at the end of its fiscal year;\n (b) A statement of income, expenses, and operating surplus or deficit\nfor the annual period ending on the balance sheet date;\n (c) A statement detailing the source of application of all funds\nexpended by the hospital for the period encompassed by the income\nstatement required by paragraph (b) of this subdivision;\n (d) A report of hospital expenditures which allocates the costs of\nnonrevenue-producing departments of a hospital to the other\nnonrevenue-and revenue-producing centers which they serve. This report\nshall be accompanied by a sufficiently detailed statistical report\ncontaining data describing the hospital's basic services and patient\nstatistics which identifies costs related to categories of hospital\nservices delivered to patients by each department of the hospital, in\naccordance with a list of such services required by the council pursuant\nto subdivision one of this section.\n 4. The commissioner shall adopt forms of authentication for use by\nhospital officers or licensed accountants preparing reports under this\nsection stating that each such officer or accountant making the\nauthentication believes that to the extent of his knowledge and\ninformation each statement in the report is true.\n