An ORANJ Publication
FINANCE GUIDEBOOK - 2010 Revision
Guidebook
for Residents who are serving on Finance Committees
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Table Of Contents / page
Part I – General Information 1
..... A. Introduction 1
......B. Purpose 1Part II – Five Key Financial Topics 2
...... A. Financial Statements 2
........... A1. Budgets 2
............A2. Operating Statement 3
............A3. Balance Sheet 4
............A4. Auditor’s Report 5
......B. Long-Term Financial Stability 10
............B1. Long Term Financial Plans 11
............B2. Future Services Obligation Calculation 11
............B3. Detailed Actuarial Analyses 12
......C. CCRC Contracts 14
............C1. Type A – All Inclusive Plans 14
............C2. Type B – Modified Plans 14
............C3. Type C – Fee-For-Service Plans 14
............C4. Other Plans 15
......D. NJ Statutes & Regulations Related to CCRC Finances 16
............D1. “The Act” – New Jersey Public Law 52:27D-330 16
............D2. “Chapter 19” – CCRC Regulations 17
............D3. Annual Disclosure Statements 18
............D4. New Jersey Income Tax Deductions 19
......E. Federal Regulations Related To CCRC Finances 20
............E1. 501 (c) (3) CCRCs 20
............E2. Form 990 IRS Tax Reports 21
............E3. Federal Income Tax Deductions 22Part III – Attachments
......A. Obtaining Copies of Reference Documents
......B. Overview of Entrance Fee Accounting
......C. Future Services Obligation Calculation Details and Typical Values
......D. Detailed Actuarial Analyses and Typical Values
......E. Summary Description of The Act –
....................... New Jersey Public Law 52:27D–330
......F. Summary Description of Chapter 19 –
........................ Paragraphs Of Financial Interest
