Donor Report - The Chester County Hospital
Donor Report - The Chester County Hospital
Donor Report - The Chester County Hospital
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THE CHESTER COUNTY HOSPITAL<br />
Unaudited : June 30, 2008<br />
BALANCE SHEET<br />
ASSETS<br />
Current Assets:<br />
Cash and short-term investments $10,501,317<br />
Patient accounts receivable (net) 23,174,914<br />
Other accounts receivable 198,669<br />
Due from affiliates 2,534,998<br />
Assets whose use is limited 3,665,011<br />
Inventories 3,350,026<br />
Prepaid expenses and other current assets 367,864<br />
Total current assets 43,792,799<br />
Assets whose use is limited 7,332,241<br />
Long-term investments 1,925,639<br />
Beneficial interest in perpetual trusts<br />
Investment in and advances to<br />
14,170,872<br />
<strong>Chester</strong> <strong>County</strong> Hematology/Oncology Services 1,260,905<br />
Interest in net assets of the CCH Foundation 15,331,359<br />
Property, plant and equipment (net) 68,154,408<br />
Deferred financing costs (net) 853,206<br />
Other assets 1,258<br />
TOTAL ASSETS $152,822,687<br />
THE CHESTER COUNTY HOSPITAL Foundation<br />
Unaudited : June 30, 2008<br />
BALANCE SHEET<br />
ASSETS<br />
Cash and short-term investments $7,951,700<br />
Other accounts receivable 502,844<br />
Prepaid expenses 139,884<br />
Total current assets 8,594,428<br />
Long-term investments 9,908,848<br />
Pledge receivables 3,114,763<br />
PP&E 1,062,420<br />
Investments in affiliates 2,404,015<br />
TOTAL ASSETS $25,084,474<br />
LIABILITIES AND NET ASSETS<br />
Demand note payable $500,000<br />
Other liabilities 2,160,725<br />
Total current liabilities 2,660,725<br />
Other non-current liabilities 279,849<br />
Total liabilities 2,940,574<br />
Net Assets: Unrestricted 6,812,541<br />
Net Assets: Temporarily restricted 15,331,359<br />
Total net assets 22,143,900<br />
TOTAL LIABILITIES AND NET ASSETS $25,084,474<br />
LIABILITIES AND NET ASSETS<br />
Current Liabilities:<br />
Current installments of long-term debt $2,268,477<br />
Accounts payable 5,665,495<br />
Accrued salaries, wages and vacation 6,229,202<br />
Accrued interest payable 1,396,534<br />
Estimated third-party payor settlements 1,081,442<br />
Other liabilities 170,736<br />
Total current liabilities 16,811,886<br />
Long-term debt 44,132,108<br />
Accrued malpractice and workers comp 2,407,208<br />
Total liabilities 63,351,202<br />
Net assets:<br />
Unrestricted 59,327,538<br />
Temporarily restricted 15,932,675<br />
Permanently restricted 14,211,272<br />
Total net assets 89,471,485<br />
TOTAL LIABILITIES AND NET ASSETS $152,822,687<br />
STATEMENT OF ACTIVITIES<br />
UNRESTRICTED NET ASSETS<br />
Revenues in excess of expenses $163,386<br />
Change in net unrealized gains & losses (663,902)<br />
Network transfers (656,333)<br />
Decrease in Unrestricted Net Assets (1,156,849)<br />
TEMPORARILY RESTRICTED NET ASSETS<br />
Additional pledges for West Pavilion (net) 1,028,201<br />
Pledges paid during the year (1,511,374)<br />
West Pavilion contributions 6,173,970<br />
Increase in Temporarily Restricted Net Assets 5,690,797<br />
Increase in Total Net Assets 4,533,948<br />
Net Assets – beginning of year 17,609,952<br />
TOTAL NET ASSETS – end of year $22,143,900
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