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This document is a financial and statistical report required by the State of Illinois for long-term care facilities, detailing costs, revenues, expenses, and statistical data for fiscal year 2008.

How to fill out financial and statistical report

How to fill out Financial and Statistical Report (Cost Report)

1. Gather all necessary financial documents and data for the reporting period.
2. Organize expenses and revenues by categories relevant to the report.
3. Fill out the header of the report with basic information such as reporting entity, date, and contact details.
4. Input total revenues and total expenses in their respective sections.
5. Calculate net income or loss by subtracting total expenses from total revenues.
6. Detail any specific categories of costs as requested in the report guidelines.
7. Review all entries for accuracy and consistency.
8. Attach any necessary supporting documentation as required.
9. Submit the completed report by the deadline specified.

Who needs Financial and Statistical Report (Cost Report)?

1. Non-profit organizations to report financial status for grants.
2. Government agencies requesting financial data from recipients.
3. Investors analyzing the financial health of a company.
4. Auditors conducting reviews of financial statements.
5. Internal management for evaluating financial performance.

For pdfFiller’s FAQs

What is Financial and Statistical Report (Cost Report)?

The Financial and Statistical Report (Cost Report) is a standardized document used by organizations to provide detailed information regarding their financial performance and operational data over a specific period. It includes cost-related metrics and statistical data that help assess the financial health and efficiency of an organization.

Who is required to file Financial and Statistical Report (Cost Report)?

Organizations that receive federal and/or state funding, or those that provide specific types of services (such as healthcare, education, or social services), are typically required to file the Financial and Statistical Report (Cost Report). This can include non-profits, hospitals, and government entities.

How to fill out Financial and Statistical Report (Cost Report)?

To fill out the Financial and Statistical Report (Cost Report), organizations should gather their financial data, including income, expenses, and operational statistics. They then follow the report's guidelines to input this information accurately, ensuring all sections are completed according to the instructions provided, and may consult with a financial advisor for clarity.

What is the purpose of Financial and Statistical Report (Cost Report)?

The purpose of the Financial and Statistical Report (Cost Report) is to provide a comprehensive overview of an organization's financial status and operational efficiency. It aids in transparency, helps in the allocation of resources, and is often used for compliance and funding assessments by governmental agencies.

What information must be reported on Financial and Statistical Report (Cost Report)?

The report must include financial data such as total revenues, costs, expenses, and operational metrics like service volume or patient days. Additionally, it may require demographic information related to the service population and any relevant statistical data necessary for funding evaluations.