FINANCIAL STATEMENT

MONTGOMERY GENERAL HOSPITAL, INC. FINANCIAL STATEMENTS DECEMBER 31, 2015 ASSETS: Current Assets: Cash $(11,066) Patient receivables 3,364,210 Related party receivables 77,361 Supplies inventory 413,937 Prepaid expenses and other current assets 187,484 Total current assets 4,031,926 Total property, plant and equipment, net 3,633,221 TOTAL ASSETS: $7,665,147 LIABILITIES AND NET ASSETS: Current liabilities: Current maturities of long term debt $315,561 Accounts payable 1,325,784 Estimated third-party payor settlements 593,980 Accrued expenses and payroll withholdings 1,550,912 Patient trust funds 6,172 TOTAL CURRENT LIABILITIES 3,792,409 Long-term obligations, net of current maturities 492,705 Accrued pension obligation 2,682,346 Total liabilities 6,967,460 Net Assets, unrestricted 697,687 TOTAL LIABILITIES AND NET ASSETS: 7,665,147 REVENUES: Net patient service revenue $22,060,740 Provision for bad debts $(2,485,000) Net patient service revenue less provision for bad debts $19,575,740 Other operating revenue 1,930,161 TOTAL REVENUES, GAINS AND OTHER SUPPORT 21,505,901 OPERATING EXPENSES: Salaries and wages 10,725,518 Payroll taxes and benefits 2,309,337 Professional fees and contracted services 2,363,098 Supplies and other expenses 5,381,503 Interest 62,647 Depreciation expense 499,234 TOTAL OPERATING EXPENSES: 21,341,337 Excess (deficiency) of revenues other expenses 164,564 Transfer from (to) related entity net 246,481 Excess of revenues over expenses (124,019) Increase (decrease) in unrestricted net assets 287,026 Unrestricted net assets, beginning of year 410,661 Unrestricted net assets, end of year $697,687 Montgomery General Hospital, Inc. is a not for profit health care organization. all reports, statements, and schedules required to be filed with the West Virginia Health Care Authority’s Office, 100 Dee Drive, Charleston, WV 2311, are available for public inspection at the Authority’s office during regular business hours, 9:00 a.m. to 5:00 p.m. on any business day. 9-7-WED-1-MH; LG 173