Cleveland Clinic Health System Obligated Group - FMSbonds.com
Cleveland Clinic Health System Obligated Group - FMSbonds.com Cleveland Clinic Health System Obligated Group - FMSbonds.com
Cleveland Clinic Health SystemNotes to Consolidated Financial Statements (continued)15. Year End Adjustments (unaudited)The System recorded an adjustment in the fourth quarter of 2007 to decrease the accountreceivable allowance and third party liability allowance by $26.6 million and $37.1 million,respectively (Note 3).16. Functional ExpensesThe System provides health care services and education, performs research and operates a hotelcompany. Expenses related to these functions were as follows (in thousands):2007 2006Health care services $ 3,565,551 $ 3,175,534Research 232,192 218,476Medical education 159,508 161,815General and administrative 448,151 416,446Hotel and other 52,723 54,577$ 4,458,125 $ 4,026,84836
Other Financial Information
- Page 107 and 108: increase in minor equipment purchas
- Page 109 and 110: The following table sets forth the
- Page 111 and 112: pension plans’ funded status in t
- Page 113 and 114: of funding to the pension plan offs
- Page 115 and 116: portfolio. Offsetting the decrease
- Page 117 and 118: • Clinic Care, Inc. (“Clinic Ca
- Page 119 and 120: APPENDIX BCERTAIN FINANCIAL STATEME
- Page 121 and 122: A UDITED C ONSOLIDATED F INANCIAL S
- Page 123 and 124: • Ernst & Young LLPSuite 1300925
- Page 125 and 126: Liabilities and net assetsCurrent l
- Page 127 and 128: Changes in Net AssetsNet AssetsTemp
- Page 129 and 130: Cleveland Clinic Health SystemNotes
- Page 131 and 132: Cleveland Clinic Health SystemNotes
- Page 133 and 134: Cleveland Clinic Health SystemNotes
- Page 135 and 136: Cleveland Clinic Health SystemNotes
- Page 137 and 138: Cleveland Clinic Health SystemNotes
- Page 139 and 140: Cleveland Clinic Health SystemNotes
- Page 141 and 142: Cleveland Clinic Health SystemNotes
- Page 143 and 144: Cleveland Clinic Health SystemNotes
- Page 145 and 146: Cleveland Clinic Health SystemNotes
- Page 147 and 148: Cleveland Clinic Health SystemNotes
- Page 149 and 150: Cleveland Clinic Health SystemNotes
- Page 151 and 152: Cleveland Clinic Health SystemNotes
- Page 153 and 154: Cleveland Clinic Health SystemNotes
- Page 155 and 156: Cleveland Clinic Health SystemNotes
- Page 157: Cleveland Clinic Health SystemNotes
- Page 161 and 162: • Ernst & Young LLPSuite 1300925
- Page 163 and 164: Liabilities and net assetsCurrent l
- Page 165 and 166: Liabilities and net assetsCurrent l
- Page 167 and 168: Cleveland Clinic Health SystemConso
- Page 169 and 170: Cleveland Clinic Health SystemConso
- Page 171 and 172: Cleveland Clinic Health SystemNotes
- Page 173 and 174: APPENDIX CSUMMARY OF BASIC DOCUMENT
- Page 175 and 176: APPENDIX CSUMMARY OF BASIC DOCUMENT
- Page 177 and 178: “Bond Indenture” means the Bond
- Page 179 and 180: period of three months from the com
- Page 181 and 182: PROPERTY”, and all improvements,
- Page 183 and 184: direct, express or charitable trust
- Page 185 and 186: Rate Hedge” for purposes of this
- Page 187 and 188: Debt according to a fixed schedule
- Page 189 and 190: “Officer’s Certificate” means
- Page 191 and 192: provided, however, that Series 2008
- Page 193 and 194: (t) liens on money or obligations d
- Page 195 and 196: Project Administrator. In the event
- Page 197 and 198: “Stated Maturity” means, when u
- Page 199 and 200: (b) the Cleveland Clinic, or if the
- Page 201 and 202: (d) the Master Trustee receives an
- Page 203 and 204: (g) the loan of cash or other non-O
- Page 205 and 206: under this caption shall be deemed
- Page 207 and 208: Supplemental Indenture to which suc
<strong>Cleveland</strong> <strong>Clinic</strong> <strong>Health</strong> <strong>System</strong>Notes to Consolidated Financial Statements (continued)15. Year End Adjustments (unaudited)The <strong>System</strong> recorded an adjustment in the fourth quarter of 2007 to decrease the accountreceivable allowance and third party liability allowance by $26.6 million and $37.1 million,respectively (Note 3).16. Functional ExpensesThe <strong>System</strong> provides health care services and education, performs research and operates a hotel<strong>com</strong>pany. Expenses related to these functions were as follows (in thousands):2007 2006<strong>Health</strong> care services $ 3,565,551 $ 3,175,534Research 232,192 218,476Medical education 159,508 161,815General and administrative 448,151 416,446Hotel and other 52,723 54,577$ 4,458,125 $ 4,026,84836
Change language