- 50 -
The following chart prepared by Mr. Powell reflects his
calculations for 1997:
Operating Expenses Source for Amount
$16,069,104 Total operating expenses for AFVW,
including depreciation and interest
expense
(93,395) Issuance costs associated with debt
financing
(1,207,747) SNF room and board revenues for
noncontract patients
(448,462) SNF ancillary services, Medicare, and
HMO billings for noncontract patients
14,319,500 Total for denominator
Medical Expenses Source for Amount
$3,044,014 Operating expenses allocated to SNF
929,275 Operating expenses allocated to ALU
479,734 10 percent of interest expenses to SNF
319,823 6.67 percent of interest expenses to ALU
(1,207,747) SNF room and board revenues for
noncontract patients
(448,462) SNF ancillary services, Medicare, and
HMO billings for noncontract patients
(0) Ancillary services, Medicare, and HMO
billings for residents; not included
13,116,664 Total for numerator
For 1997, the percentage is 21.8 percent ($3,116,664 �
$14,319,500).2
1We note that the total of the medical expenses is $3,116,637,
not $3,116,664 as listed in Mr. Powell’s report.
2We note that application of the corrected medical expense
figure still produces a percentage of 21.8 percent.
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