2015-08-13T15:24:18-05:00 2014-09-30 721202445 POSTLETHWAITE & NETTERVILLE 8550 UNITED PLAZA BLVD SUITE 1001 BATON ROUGE LA 70809 990 2013-10-01 720475545 GENERAL HEALTH SYSTEM GENE 2252371547 8490 PICARDY AVENUE 300 BATON ROUGE LA 70809 KENDALL JOHNSON VICE PRESIDENT & CFO 2252371547 2015-08-13 RALPH STEPHENS P00638118 2259224600 2013 2016-02-25 16:41:14Z MARK SLYTER 8490 PICARDY AVENUE 300 BATON ROUGE LA 70809 91481620 0 X WWW.BRGENERAL.ORG X 1945 LA GENERAL HEALTH SYSTEM'S PRIMARY EXEMPT PURPOSE IS TO ASSIST IN THE PROVIDING OF EFFICIENT HEALTH CARE SERVICES BY PROVIDING CENTRALIZED MANAGEMENT, GOVERNANCE AND ADMINISTRATIVE SERVICES TO RELATED TAX-EXEMPT HEALTH CARE PROVIDER ORGANIZATIONS. 18 12 3867 0 1860813 0 0 11824 64028475 80581999 683970 2218503 3716421 4001471 68428866 86813797 90483 75000 0 0 37960421 36795643 0 0 0 30272730 45421208 68323634 82291851 105232 4521946 173291544 175699573 87857818 87114392 85433726 88585181 GENERAL HEALTH SYSTEM'S (GHS) PRIMARY EXEMPT PURPOSE IS TO PROVIDE EFFICIENT HEALTH CARE SERVICES BY PROVIDING CENTRALIZED MANAGEMENT, GOVERNANCE AND ADMINISTRATIVE SERVICES TO RELATED TAX-EXEMPT HEALTHCARE PROVIDER ORGANIZATIONS. 0 0 23467923 29475711 GENERAL HEALTH SYSTEM PROVIDES CENTRALIZED INFORMATION TECHNOLOGY SERVICES TO ALL GHS AFFILIATES. SOFTWARE AND HARDWARE SUPPORT AS WELL AS WELL-TRAINED SUPPORT PERSONNEL ARE PROVIDED TO, BUT NOT LIMITED TO, BATON ROUGE GENERAL MEDICAL CENTER (BRGMC). BRGMC IS A 527 BED, 2 CAMPUS HOSPITAL SYSTEM AND IS AN IRC SEC. 501(C)(3) ORGANIZATION. ITS ID # IS 72-1025017. 13080461 16429059 GENERAL HEALTH SYSTEM ALSO PROVIDES ALL HUMAN RESOURCES SERVICES AND ADMINISTERS ALL EMPLOYEE BENEFIT PROGRAMS FOR ALL OF ITS AFFILIATES IN AN EFFICIENT, COST EFFECTIVE MANNER FOR ALL EMPLOYEES. 29326513 75000 36817887 GENERAL HEALTH SYSTEM PROVIDES CENTRALIZED MANAGEMENT SERVICES INCLUDING, BUT NOT LIMITED TO, BANKING, ACCOUNTS PAYABLE AND ACCOUNTS RECEIVABLE/BILLING, PAYROLL, ACCOUNTING/TAX, INTERNAL AUDIT AND COMPLIANCE, HUMAN RESOURCE, RISK MANAGEMENT, INSURANCE AND LEGAL SERVICES TO ITS NOT-FOR-PROFIT AFFILIATE (BATON ROUGE GENERAL MEDICAL CENTER # 72-1025017) AND ITS FOR-PROFIT AFFILIATES. 65874897 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 1 0 0 0 1 277 0 1 3867 1 1 1 0 0 0 0 0 0 0 X 18 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GLENN SMITH 2252371547 8490 PICARDY AVE 300 BATON ROUGE LA 70809 X VENKAT BANDA MD BOARD MEMBER 3.00 X 0 423114 66023 PETER BOSTICK MD BOARD MEMBER 3.00 X 0 13350 0 GREG BOWSER BOARD MEMBER 3.00 X 0 0 0 ISABELINA NAHMENS PHD BOARD MEMBER 3.00 X 0 0 0 PERRY FRANKLIN BOARD MEMBER 3.00 X 0 0 0 GARY GRAPHIA BOARD MEMBER 3.00 X 0 0 0 MARGARET HART BOARD MEMBER 3.00 X 0 0 0 EVELYN HAYES MD BOARD CHAIR INTERIM PRES/CEO UNTIL NOV 2013 50.00 X X 528873 0 43931 LESLIE HERPIN MARX BOARD MEMBER 3.00 X 0 0 0 JOE JUBAN BOARD MEMBER 3.00 X 0 0 0 DEBRA LOCKWOOD BOARD MEMBER 3.00 X 0 0 0 JAMES LLORENS PHD BOARD MEMBER 3.00 X 0 0 0 ANDREW OLINDE MD BOARD MEMBER 3.00 X 0 36000 0 JANICE PELLAR BOARD MEMBER 3.00 X 0 0 0 GOV CHARLES BUDDY ROEMER BOARD MEMBER 3.00 X 0 0 0 ELAINE VALLETTE DRPH BOARD MEMBER 3.00 X 0 0 0 REV RONNIE WILLIAMS BOARD MEMBER 3.00 X 0 0 0 EVERETT BONNER MD BOARD MEMBER 3.00 X 0 10000 0 MARK SLYTER PRES & CEO, EFF 11/01/13 50.00 X X 67442 0 1543 DIONNE E VIATOR CPA VICE PRES & CNSO 50.00 X 480418 0 61336 EDGARDO TENREIRO VICE PRES & COO 50.00 X 372445 0 109050 FLOYD ROBERTS MD CHIEF MEDICAL OFFICER 50.00 X 472011 0 39809 KENDALL JOHNSON CPA VICE PRES & CFO 50.00 X 444964 0 81298 ANNA CAZES DNS CHIEF NURSING OFFICER 50.00 X 269112 0 86763 PAUL DOUGLAS VICE PRES-HUMAN RESOURCES 50.00 X 524345 0 35373 DONALD SHAW VICE PRES-REVENUE CYCLE 50.00 X 227515 0 52242 PEYTON GRANT VICE PRES-FACILITIES MGT 50.00 X 218365 0 66559 GEORGE BELL HOSP ADMINISTRATOR-MID CITY CAMPUS 50.00 X 263028 0 51697 EDWARD JEFFRIES MD COO-PHYSICIANS GROUP 50.00 X 434722 0 50413 ERIN ZERINGUE VP-QUALITY 50.00 X 199543 0 55447 WANDA HUGHES DIRECTOR-PATIENT SAFETY 50.00 X 173419 0 22514 WM PAINE DIRECTOR-MANAGED CARE CONTRACTS 50.00 X 164745 0 13374 GERARD BARRILLEAUX DIRECTOR-RADIOLOGY/IMAGING 50.00 X 131274 0 8982 COREY DOUGHTY DIRECTOR-LEGAL/RISK MANAGEMENT 50.00 X 157096 0 0 WILLIAM HOLMAN FORMER PRES & CEO, EFF MARCH 2013 50.00 X 714123 0 53624 5843440 482464 899978 30 1 1 0 ANTHELIO HEALTH SOLUTIONS 1581 DALLAS PKWY 925 ADDISON TX 75001 INFORMATION SERVICES 1293102 PST SERVICS INC PO BOX 742526 ATLANTA GA 30374 COLLECTIONS 1233479 GJEREST AND LORENZ 2801 VIA FORTUNA STE 500 AUSTIN TX 78746 LEGAL SERVICES 1129428 VENYU 7127 FLORIDA BLVD BATON ROUGE LA 70505 DATA STORAGE 663947 CSI LEASING INC PO BOX 204267 DALLAS TX 75320 EQUIPMENT RENTAL 601365 15 11824 11824 MANAGEMENT FEE REVENUES 541610 78721186 78721186 MGT FEES - FOR PROFIT COMPANIES 541610 1860813 1860813 80581999 1055557 1055557 4001471 0 4001471 4001471 4001471 5830769 4667823 1162946 1162946 1162946 86813797 82722657 1860813 2218503 75000 75000 4107766 3286213 821553 11147539 8905862 2241677 4022958 3218366 804592 16350577 13080461 3270116 1166803 984552 182251 895380 716304 179076 86420 69136 17284 61000 48800 12200 176900 141520 35380 3275464 2608171 667293 57212 45769 11443 738893 591114 147779 29334904 23467923 5866981 435693 348554 87139 199185 159348 39837 22126 17701 4425 799468 639574 159894 4019829 3215863 803966 2973456 2378765 594691 EQUIP RENTALS & REPAIRS 1263228 1010584 252644 REIMBURSED EXPENSES 516696 413357 103339 OTHER SUPPLIES 125286 100229 25057 DUES & SUBSCRIPTIONS 32174 25416 6758 407894 326315 81579 82291851 65874897 16416954 0 524185 1469344 83478806 67404866 150000 2500 7 4570830 5816164 114182271 35174539 65509911 79007732 5483032 6347390 13722280 15504070 173291544 175699573 33242480 37544850 40027929 38257446 14587409 11312096 87857818 87114392 X 85433726 88585181 85433726 88585181 173291544 175699573 X 4521946 472546 -1843037 X X 0 1 X 1 1 1 X X X 0 0 0 BATON ROUGE GENERAL MEDICAL CTR 721025017 3 1 1 1 74863413 GENERAL HEALTH SYSTEM FOUNDATION 740801335 7 1 1 1 66041 BEHAVIORAL HEALTH INC 720893168 3 1 1 1 0 GENERAL LIVING CENTERS INC 581705626 9 1 1 1 0 4 74929454 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 500 1 0 1 500 0 1 60000 61000 0 PART II-B, LINE 1: PART II-B, LINE 1D & 1E - INTERNAL COMMUNICATIONS TO EMPLOYEES ONLY, INVOLVING LITTLE OR NO DIRECT COST. PART II-B, LINE G - COSTS WERE LIMITED TO IN-TOWN TRAVEL AT MINIMAL DIRECT COST. PART II-B, LINE I - LOBBYING FIRM ENGAGED TO ASSIST IN LEGISLATIVE AND/OR PUBLIC RELATIONS ONLY. 16749309 16749309 35140152 17542738 17597414 131564 131564 0 30556699 17500237 13056461 31604547 31604548 79007732 ACCRUED INTEREST RECEIVABLE 164050 MISCELLANEOUS RENTAL RECEIVABLES 1628198 DEFERRED BOND ISSUE COSTS 189233 GOODWILL,NET 383440 AMOUNTS DUE FROM AFFILIATED ORGANIZATIONS 13139149 15504070 X PART X, LINE 2: THE SYSTEM FOLLOWS THE PROVISIONS OF THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES TOPIC OF THE FASB ASC. THE SYSTEM RECOGNIZES A THRESHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE INTERPRETATION ALSO PROVIDES GUIDANCE ON RECOGNITION, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE SYSTEM'S TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE SYSTEM'S OPEN AUDIT PERIODS ARE 2011 THROUGH 2013. THERE ARE CURRENTLY NO RETURNS UNDER EXAMINATION. MANAGEMENT EVALUATED THE SYSTEM'S TAX POSITIONS AND CONSIDERED THAT THE SYSTEM HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. 1 1 X 1 X 1 X 1 0 1 1 19046755 0 19046755 0.05130 43846253 20769593 23076660 0.06210 62893008 20769593 42123415 0.11340 19412 260262 0 260262 0.00070 7 752 9502045 3799080 5702965 0.01540 3 101001 39898293 29515741 10382552 0.02800 456737 16084 440653 0.00120 834431 0 834431 0.00230 10 121165 50951768 33330905 17620863 0.04760 10 121165 113844776 54100498 59744278 0.16100 0 17452359 90486082 105551599 -15065517 X 1 1 1 2 BRGMC - MID CITY AND BLUEBONNET CAMPUS 8585 PICARDY AEVNUE BATON ROUGE LA 70809 WWW.BRGENERAL.ORG/IN-THE-COMMUNITY X X X X BRGMC - MID CITY AND BLUEBONNET CAMPUS 1 X X X X X X X X 12 1 1 1 X X X X X X X X X 0 0 1 1 200.000000000000 1 200.000000000000 1 X X X X X X 1 1 X X X X X 1 0 X X X 1 X 0 1 BRGMC - MID CITY AND BLUEBONNET CAMPUS PART V, SECTION B, LINE 3: THE BATON ROUGE GENERAL MEDICAL CENTER (BRGMC) SERVES THE NEEDS OF THE COMMUNITY THROUGH ITS COMMITMENT TO EXCEPTIONAL PATIENT CARE, MEDICAL EDUCATION AND RESEARCH. IN ORDER TO IDENTIFY THE HEALTH AND WELLNESS NEEDS OF THE BATON ROUGE AREA, BRGMC PARTICIPATED IN THE MAYOR'S HEALTHY CITY INITIATIVE TO ENCOURAGE BATON ROUGE AREA RESIDENTS TO ADOPT A HEALTHIER AND MORE ACTIVE LIFESTYLE. PARTICIPATING IN THE INITIATIVE INCLUDED, BUT WERE NOT LIMITED TO, BRGMC, THE OFFICE OF MAYOR-PRESIDENT KIP HOLDEN, BLUE CROSS/BLUE SHIELD OF LOUISIANA, THE OFFICE OF US SENATOR MARY LANDRIEU, EBR PARISH PUBLIC SCHOOL SYSTEM, LSU HEALTH SCIENCES CENTER, LA. PRIMARY CARE ASSOCIATION, AMERICAN HEART ASSOCIATION, LSU PENNINGTON BIOMEDICAL RESEARCH CENTER AMONG A GROUP OF 25 MAJOR COMMUNITY GROUPS IN THE AREA. COORDINATIONAMONG THESE GROUPS SERVED TO COORDINATE THE ASSESSMENT AND AVOID DUPLICATE EFFORTS TO INCREASE THE VALUE OF WHAT WE COLLECTIVELY BRING TO THE COMMUNITY HEALTHCARE NEEDS. BRGMC - MID CITY AND BLUEBONNET CAMPUS PART V, SECTION B, LINE 7: THE BATON ROUGE GENERAL MEDICAL CENTER DID NOT ADDRESS ALL 10 OF THE PUBLIC HEALTH NEEDS FORMULATED BY THE 2012 COMMUNITY HEALTH NEEDS ASSESSMENT (CHNA, AKA KNOWN AS THE MAYOR'S HEALTHY CITY INITIATIVE). THE NUMEROUS CHNA CONTRIBUTORS (IDENTIFIED ABOVE) AGREED THAT EACH WILL CONCENTRATE THEIR INDIVIDUAL EFFORTS ON THEIR TOP FOUR PRIORITIES. BATON ROUGE GENERAL MEDICAL CENTER HAS ADOPTED AND HAS BEEN FOCUSING THEIR EFFORTS ON THE ISSUES OF OBESITY, HIV/AIDS, OVERUTILIZATION OF EMERGENCY DEPARTMENT AVAILABILITY AND MENTAL/BEHAVIORAL HEALTH. AGAIN, COORDINATION AMONG THE PARTICIPANTS SERVED TO COORDINATE THE ASSESSMENT BUT ALSO SERVED TO AVOID DUPLICATE EFFORTS TO INCREASE THE DEPTH AND VALUE OF WHAT WE COLLECTIVELY BRING TO THE COMMUNITY HEALTHCARE NEEDS. BATON ROUGE GENERAL MEDICAL CENTER CURRENTLY OFFERS MEDICAL PROGRAMS, SERVICES AND HEALTH EDUCATION SERVICES TO ADDRESS THE 10 IDENTIFIED NEEDS OF OUR COMMUNITY. THESE PROGRAMS AND SERVICES ARE MORE CLEARLY EXPLAINED IN OUR CHNA. THE LINK TO OUR WEBSITE IS: WWW.BRGENERAL.ORG/IN-THE-COMMUNITY/COMMUNITY-HEALTH-NEEDS-ASSESSMENT PART V SECTION B THE ORGANIZATION PARTICIPATES IN A PARISH-WIDE COMMUNITY BENEFIT REPORT WHICH SUMMARIZES ITS EFFORTS TO IMPROVE THE OVERALL HEALTH AND WELLNESS OF THE GREATER BATON ROUGE AREA. SAID REPORT IS AVAILABLE TO THE GENERAL PUBLIC ON AN AS-REQUESTED BASIS. THE COST-TO-CHARGE RATIO, AS CALCULATED ON THE TAXPAYER'S MEDICARE COST REPORT, IS USED AS THE BASIS FOR CALCULATING THE AMOUNTS REPORTED IN PART I, LINES 7A-7D. ACTUAL, DIRECT COSTS WERE USED IN THE CALCULATIONS OF THE VARIOUS AMOUNTS IN PART I, LINES 7E-7I. NO ADDITION OF UNALLOCATED OVERHEAD COSTS WERE USED ALTHOUGH THE ORGANIZATION FEELS THAT SUCH AN DDITION WOULD BE JUSTIFIED. 9 FAMILY HEALTH CENTER 3801 NORTH BLVD BATON ROUGE LA 70806 CLINICAL LOCATION FAMILY HEALTH CENTER-SOUTH 333 LEE DRIVE BATON ROUGE LA 70806 CLINICAL LOCATION BRG SURGICAL ASSOCIATES 3600 FLORIDA BLVD BATON ROUGE LA 70806 CLINICAL LOCATION BRG SURGICAL ASSOCIATES-BLUEBONNET 8595 PICARDY AVE SUITE 235 BATON ROUGE LA 70809 CLINICAL LOCATION BRG ORTHOPEDIC ASSOCIATES 8595 PICARDY AVE SUITE 235 BATON ROUGE LA 70809 CLINICAL LOCATION BRG GASTROENTEROLOGY CENTER 6615 PERKINS ROAD BATON ROUGE LA 70808 CLINICAL LOCATION BRG NEUROLOGY ASSOCIATES 3600 FLORIDA BLVD BATON ROUGE LA 70806 CLINICAL LOCATION MATERNAL-FETAL MEDICINE OF BATON ROUGE 8595 PICARDY AVE SUITE 305 BATON ROUGE LA 70809 CLINICAL LOCATION WOMACK HEART CENTER-VALVE CLINIC 8888 SUMMA AVENUE BATON ROUGE LA 70809 CLINICAL LOCATION PART I, LINE 7: THE COST-TO-CHARGE RATIO USED IN THE VARIOUS LINE 7 WORKSHEETS IS DERIVED FROM THE TAXPAYER'S 2014 MEDICARE COST REPORT AS FILED WITH THE CENTER FOR MEDICARE AND MEDICAID SERVICES. IN ACCORDANCE WITH THE LINE 7 INSTRUCTIONS, TOTAL EXPENSES USED TO CALCULATE THE COLUMN F PERCENTAGES DO NOT INCLUDE BAD DEBTS EXPENSE. PART I, LINE 3 CHARITY CARE ELIGIBILITY IS BASED ON MANY FACTORS RELATED TO INDIVIDUAL PATIENT CIRCUMSTANCES. EACH AND EVERY PATIENT IS SCREENED BY PATIENT FINANCIAL SERVICES PERSONNEL, LICENSED SOCIAL WORKERS AND OTHER HEALTHCARE PROFESSIONALS TO DETERMINE IF ELIGIBLE FOR STATE AND/OR FEDERAL HEALTHCARE ASSISTANCE. SAID ASSISTANCE AS WELL AS ELIGIBILITY FOR BRGMC CHARITY CARE IS ASSESSED WITH THE PATIENT OR THEIR DESIGNATED FAMILY MEMBER OR REPRESENTATIVE. OF PRIMARY IMPORTANCE IS THE HEALTH, RECUPERATION AND WELL-BEING OF OUR PATIENTS. PART III, LINE 2: THE BAD DEBT ESTIMATE IS BASED ON PERIODIC, ONGOING REVIEW OF THE AGING OF PATIENT ACCOUNT BALANCES AS WELL AS COLLECTION HISTORIES OF THOSE ACCOUNTS. PART III, LINE 4: THE BAD DEBT FOOTNOTE CAN BE FOUND ON PAGE 19 OF THE AUDITED FINANCIAL STATEMENTS ATTACHED HERETO. PART III, LINE 9B: THE TAXPAYER'S COLLECTION PROCESS POLICY STATES THAT IF A PATIENT CANNOT PAY ANY REMAINING BALANCES IN FULL, THE COLLECTOR IS T0 UTILIZE THE PAYMENT ARRANGEMENT GUIDELINES IN ITS CHARITY CARE POLICY TO APPLY FOR FINANCIAL ASSISTANCE. APPROVAL FOR ASSISTANCE WILL BE BASED ON INCOME, ABILITY TO PAY AND ACCOUNT BALANCE, AMONG OTHER FACTORS. NO AMOUNT OF THE ORGANIZATION'S BAD DEBT EXPENSE IS ATTRIBUTABLE TO PATIENTS ELIGIBLE FOR FINANCIAL ASSISTANCE. THE ORGANIZATION PERFORMS ANNUAL REVIEWS OF ITS COLLECTION HISTORIES TO DETERMINE THE ACCURACY OF ITS ESTIMATIONS OF BAD DEBT ALLOWANCE AMOUNTS. PART VI, LINE 4: BRGMC IS THE ONLY COMMUNITY-OWNED, NON-PROFIT HOSPITAL LOCATED IN THE BATON ROUGE AREA. IT CONSISTS OF 2 HOSPITAL CAMPUSES, MID CITY AND BLUEBONNET. MID CITY SERVES THE DOWNTOWN AND SURROUNDING URBAN AREAS OF BATON ROUGE AS WELL AS THE SURROUNDING WEST BATON ROUGE, IBERVILLE, THE FELICIANAS, ST HELENA AND POINTE COUPEE PARISH AREAS. THE BLUEBONNET CAMPUS SERVES THE SOUTHERN AREA OF BATON ROUGE AS WELL AS THE SURROUNDING ASCENSION, LIVINGSTON AND TANGIPAHOA PARISH AREAS WHICH HAVE SEEN ENORMOUS GROWTH IN POPULATION OVER THE LAST 30 YEARS. PART VI, LINE 6: BRGMC IS AN IRC SEC. 501(C)(3) ORGANIZATION, OWNED BY THE TAXPAYER. THE GHS BOARD OF DIRECTORS ALSO SERVE AS THE BOARD FOR BRGMC. THE BOARD CONSISTS OF VARIOUS RESPECTED COMMUNITY LEADERS FROM THE BUSINESS, FINANCE, EDUCATION, GOVERNMENTAL, PHILANTHROPIC AND MEDICAL COMMUNITIES IN THE BATON ROUGE AREA, SERVE WITHOUT COMPENSATION AND PROVIDE A VERY BROAD BASE OF KNOWLEDGE AND EXPERTISE TO THE GOVERNANCE AND MANAGEMENT OF GHS. MEDICAL STAFF PRIVILEGES ARE EXTENDED TO ALL QUALIFIED PHYSICIANS IN THE GREATER BATON ROUGE AREA WHO WISH TO PROVIDE THEIR PATIENTS WITH THE FINEST CARE AND MEDICAL TECHNOLOGY AT THEIR DISPOSAL. IN FURTHERANCE OF ITS COMMITMENT TO PROVIDE THE BEST MEDICAL EDUCATION IN THE REGION, GHS/BRGMC ENTERED INTO AN AFFILIATION AGREEMENT WITH TULANE UNIVERSITY SCHOOL OF MEDICINE TO CREATE A SATELLITE TRAINING CAMPUS FOR ITS MEDICAL STUDENTS. IN MAY 2014, 12 SELECTED STUDENTS (IN MAY 2013, 12 STUDENTS) BEGAN THE PROGRAM DURING WHICH THEY WILL SPEND THEIR 3RD AND 4TH YEAR CLINICAL ROTATIONS AT THE MID CITY CAMPUS. THE BRG PHYSICIANS WILL BE SERVING AS THE STUDENTS' TEACHERS AND MENTORS. THE PROGRAM TITLED "LEAD (LEADERSHIP, EDUCATION, ADVOCACY AND DISCOVERY) ACADEMY" SIGNIFIES THE FIRST TIME TULANE UNIVERSITY SCHOOL OF MEDICINE HAS OPENED A TRAINING FACILITY OUTSIDE OF NEW ORLEANS, LOUISIANA. 1 BATON ROUGE AREA CHAMBER 564 LAUREL ST BATON ROUGE LA 70801 720126959 501C6 50000 GENERAL SUPPORT MID CITY REDEVELOPMENT ALLIANCE 419 N 19TH ST BATON ROUGE LA 70802 721196990 501C3 25000 GENERAL SUPPORT PART I, LINE 2: REQUESTS FOR GRANTS OR ASSISTANCE ARE INITIATED AT THE EXECUTIVE LEVEL. AFTER CONSIDERATION AND FORMAL APPROVAL IS GIVEN, REQUESTS FOR DISBURSEMENT ARE EXECUTED AND SENT TO ACCOUNTS PAYABLE FOR PAYMENT. ALL SUPPORTING DOCUMENTATION AND DISBURSEMENT AUTHORIZATION ARE RETAINED FOR A 10 YEAR PERIOD OF TIME. X X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 VENKAT BANDA MD BOARD MEMBER 0 225000 0 88179 0 109935 0 45000 0 21023 0 489137 0 0 EVELYN HAYES MD BOARD CHAIR INTERIM PRES/CEO UNTIL NOV 2013 103587 0 0 0 425286 0 40500 0 3431 0 572804 0 0 0 MARK SLYTER PRES & CEO, EFF 11/01/13 66750 0 0 0 692 0 0 0 1543 0 68985 0 0 0 DIONNE E VIATOR CPA VICE PRES & CNSO 397009 0 77409 0 6000 0 39948 0 21388 0 541754 0 0 0 EDGARDO TENREIRO VICE PRES & COO 353666 0 0 0 18779 0 94030 0 15020 0 481495 0 0 0 FLOYD ROBERTS MD CHIEF MEDICAL OFFICER 363000 0 61710 0 47301 0 23000 0 16809 0 511820 0 0 0 KENDALL JOHNSON CPA VICE PRES & CFO 366000 0 78964 0 0 0 60295 0 21003 0 526262 0 0 0 ANNA CAZES DNS CHIEF NURSING OFFICER 201200 0 38250 0 29662 0 65375 0 21388 0 355875 0 0 0 PAUL DOUGLAS VICE PRES-HUMAN RESOURCES 245000 0 41650 0 237695 0 22770 0 12603 0 559718 0 0 0 DONALD SHAW VICE PRES-REVENUE CYCLE 191000 0 32470 0 4045 0 43285 0 8957 0 279757 0 0 0 PEYTON GRANT VICE PRES-FACILITIES MGT 172000 0 37840 0 8525 0 46220 0 20339 0 284924 0 0 0 GEORGE BELL HOSP ADMINISTRATOR-MID CITY CAMPUS 245694 0 0 0 17334 0 34888 0 16809 0 314725 0 0 0 EDWARD JEFFRIES MD COO-PHYSICIANS GROUP 293875 0 140847 0 0 0 36946 0 13467 0 485135 0 0 0 ERIN ZERINGUE VP-QUALITY 168987 0 30556 0 0 0 41710 0 13737 0 254990 0 0 0 WANDA HUGHES DIRECTOR-PATIENT SAFETY 146120 0 15343 0 11956 0 8903 0 13611 0 195933 0 0 0 WM PAINE DIRECTOR-MANAGED CARE CONTRACTS 155698 0 9047 0 0 0 0 0 13374 0 178119 0 0 0 GERARD BARRILLEAUX DIRECTOR-RADIOLOGY/IMAGING 84049 0 0 0 47225 0 0 0 8982 0 140256 0 0 0 COREY DOUGHTY DIRECTOR-LEGAL/RISK MANAGEMENT 140020 0 10537 0 6539 0 0 0 0 0 157096 0 0 0 WILLIAM HOLMAN FORMER PRES & CEO, EFF MARCH 2013 303238 0 0 0 410885 0 40500 0 13124 0 767747 0 0 0 PART I, LINE 1A PART I, LINE 1A: CERTAIN EMPLOYEE BENEFITS THAT WERE PROVIDED TO THE FORMER PRESIDENT/CEO (HOLMAN) WERE GROSSED UP TO COVER THE TAX IMPACT. IN ORDER TO ASSIST IN THE RELOCATION OF THE NEW PRESIDENT/CEO (SLYTER), A SHORT-TERM MONTHLY HOUSING ALLOWANCE WAS PROVIDED FOR CALENDAR YEAR 2014. CERTAIN KEY EXECUTIVES ARE PROVIDED A BENEFITS STIPEND IN ORDER TO ALLOW FOR SELF-DIRECTED BENEFITS. THE EXECUTIVE BENEFITS PACKAGE ALSO INCLUDES AN OPTIONAL WELLNESS BENEFIT THAT INCLUDES A WELLNESS ASSESSMENT AND THE AVAILABILITY OF A PERSONAL FITNESS TRAINER. ALL OF THESE BENEFITS WERE INCLUDED ON THE 2013 AND/OR 2014 FORMS W-2 AS COMPENSATION. PART I, LINE 4B PART I, LINE 4B: THE FORMER PRESIDENT/CEO (HOLMAN) PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF HIS EMPLOYMENT CONTRACT WITH GENERAL HEALTH SYSTEM #72-0475545. ALL EXECUTIVES PARTICIPATE IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN DESIGNED TO PROVIDE A RETIREMENT SUPPLEMENT. EXECUTIVES MAY DEFER A PRE-TAX PORTION OF THEIR WAGES AND THE ORGANIZATION PROVIDES A PERCENT OF WAGES SUPPLEMENT. THE AMOUNT PROVIDED IS DIRECTED BY THE BOARD AND THE BOARD'S COMPENSATION COMMITTEE BASED ON MARKET DATA PROVIDED BY AN INDEPENDENT BENEFIT CONSULTING FIRM THAT CONDUCTS A REVIEW OF RETIREMENT FUNDING FOR EXECUTIVES IN COMPARABLE HEALTHCARE ORGANIZATIONS. FUNDS DEPOSITED BY THE ORGANIZATION HAVE A RISK OF FORFEITURE TIED TO SOLVENCY, RETENTION, NON-COMPETITION AND/OR VESTING. PART I, LINE 7: IN ORDER TO MAKE HEALTHCARE COST EFFECTIVE AND OF THE HIGHEST QUALITY, VARIOUS EXECUTIVES LISTED IN 990 PART VII SECTION A HAD PART OF THEIR COMPENSATION PUT AT RISK AND PAID IN THE FORM OF A PERFORMANCE INCENTIVE BASED UPON A BALANCED SCORECARD THAT FACTORED IN QUALITY, PEOPLE, SERVICE AND FINANCIAL PILLAR RESULTS. SAID INCENTIVE PAYMENTS WERE APPROVED BY THE BOARD'S COMPENSATION COMMITTEE. PART II PART II: BOARD MEMBER (BANDA) IS THE OWNER/PRINCIPAL OF A HEALTHCARE SERVICES PROVIDER (CONSISTING OF 42 PHYSICIANS, PHYSICIAN ASSISTANTS AND NURSE PRACTITIONERS) THAT PROVIDES HOSPITALIST, PALLIATIVE CARE, GERIATRIC, CARE MANAGEMENT, NON ACUTE AND GRADUATE MEDICAL EDUCATION SERVICES TO THE TAXPAYER'S 501C3 HOSPITAL AFFILIATE, BATON ROUGE GENERAL MEDICAL CENTER #72-1025017. THAT SERVICES PROVIDER IS STAFFED BY A RELATED, FOR-PROFIT ENTITY IN ACCORDANCE WITH A STAFFING SERVICES AGREEMENT. THE FORMER PRESIDENT/CEO (HOLMAN) AND OTHER QUALIFYING EXECUTIVES RECEIVED LUMP SUM PAYMENTS AS THE RESULT OF THE VESTING OF RETIREMENT BENEFITS DEPOSITED ON THEIR BEHALF IN PREVIOUS YEARS. OTHER REPORTABLE COMPENSATION PAID TO PHYSICIAN BOARD MEMBERS INCLUDES MEDICAL PRACTICE INCOME AND CONTRACTUAL PAYMENTS. THE FORMER PRESIDENT/CEO (HOLMAN) HAD AN AMOUNT INCLUDED IN PART II IN RETIREMENT SUPPLEMENT AND RETIREMENT BENEFITS VESTING ACCUMULATED IN PRIOR YEARS AS WELL AS $252,180 OF GENERAL PAID TIME (VACATION) PAY INCLUDED IN PART II, COLUMN B(III). MARK SLYTER PRES/CEO SEE BELOW X 150000 150000 0 1 1 150000 R MORRIS DAUGHTER OF BRD MEMBER 75196 EMPLOYEE COMPENSATION 0 M FRANKLIN SPOUSE OF BRD MEMBER 6450 EMPLOYEE COMPENSATION 0 A TENREIRO SON OF VP/COO 9999 EMPLOYEE COMPENSATION 0 J CAZES SPOUSE OF CNO 144188 EMPLOYEE COMPENSATION 0 HMG PHYSICIANS LLC BRD MEMBER 3032914 0 PART IV VARIOUS FAMILY MEMBERS OF CERTAIN BOARD MEMBERS AND OFFICERS ARE EMPLOYED BY THE TAXPAYER.A BOARD MEMBER (BANDA) IS THE OWNER/PRINCIPAL OF A HEALTHCARE SERVICES PROVIDER (CONSISTING OF 42 PHYSICIANS, PHYCISIAN ASSISTANTS AND NURSE PRACTITIONERS) THAT PROVIDE HOSPITALIST, PALLIATIVE CARE, GERIATRIC, CARE MANAGEMENT, NON ACUTE AND GRADUATE MEDICAL EDUCATION SERVICES TO THE TAXPAYER'S 501C3 HOSPITAL AFFILIATE, BATON ROUGE GENERAL MEDICAL CENTER #72-1025017. ALL SERVICES ARE PROVIDED AT FAIR MARKET VALUES IN ACCORDANCE WITH A MEDICAL SERVICES AGREEMENT. PART II, LINE 1 IN FEB 2014, IN ORDER TO ASSIST IN THE RELOCATION EFFORTS OF OUR NEWLY APPOINTED PRESIDENT/CEO (MR SLYTER), THE BOARD APPROVED A SHORT TERM LOAN TO SLYTER. SAID LOAN IS TO REPAID AT THE EARLIEST OF THE ONE YEAR ANNIVERSARY OF THE LOAN OR THE SALE OF MR SLYTER'S HOME IN JACKSON, MS. IN JAN 2015, MR SLYTER SOLD HIS HOME IN JACKSON, MS AT WHICH TIME THE LOAN WAS FULLY REPAID WITH INTEREST. FORM 990, PART VI, SECTION B, LINE 11 DURING PREPARATION OF THE 990, SENIOR ADMINISTRATIVE AND FINANCE LEADERS ARE CONSULTED TO PROVIDE ANY ADDITIONAL INFORMATION ON CERTAIN, VARIOUS TRANSACTIONS ON AN AS-NEEDED BASIS. UPON COMPLETION OF THE 990 BUT PRIOR TO FILING, SAID LEADERS ARE PROVIDED WITH A DRAFT COPY OF ALL FORMS/SCHEDULES FOR THEIR REVIEW AND COMMENTS. UPON CLEARING ANY REVIEW COMMENTS, REVISED DRAFT COPIES ARE EMAILED TO ALL MEMBERS OF THE BOARD VIA SECURE BOARD NETWORK. THE EXECUTIVE COMMITTEE HAS BEEN TASKED BY THE BOARD TO FULLY REVIEW THE FORM 990 AT THEIR NEXT MEETING AND FORWARD THEIR RECOMMENDATIONS TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C AS PART OF ITS ANNUAL WORK PLAN, THE INTERNAL AUDIT & CORPORATE COMPLIANCE DEPARTMENT ADMINISTERS A MANDATORY ELECTRONIC CONFLICT OF INTEREST (COI) SURVEY THROUGH WHICH ALL LEADERSHIP EMPLOYEES (RANGING FROM SUPERVISORS TO EXECUTIVE MANAGEMENT), GHS FOUNDATION BOARD MEMBERS AND TRUSTEES OF THE ORGANZATION ARE PROMPTED TO TIMELY DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. AFTER THE 2 WEEK COI SURVEY PERIOD IS OVER, MEMBERS OF THE INTERNAL AUDIT & CORPORATE COMPLIANCE DEPARTMENT SORT THROUGH & ORGANIZE ALL SURVEY RESPONSES RECEIVED AND CONDUCT AN INITIAL REVIEW OF ALL DISCLOSURES FLAGGED AS POTENTIAL CONFLICTS AND OBTAINS ADDITIONAL INFORMATION/DOCUMENTATION AS NECESSARY FROM KEY STAKEHOLDERS TO CLARIFY OR RECTIFY (THROUGH APPROPRIATE MITIGATION) ANY CONFLICTS NOTED SO AS TO ENSURE BUSINESS DECISIONS ARE DRIVEN BY THE BEST INTERESTS OF THE ORGANIZATION. UPON COMPLETION, THE CORPORATE COMPLIANCE OFFICER FORMALLY COMMUNICATES CONFLICT RESULTS TO THE CHIEF FINANCIAL OFFICER, CHIEF EXECUTIVE OFFICER AND THE CHAIRMAN OF THE AUDIT/FINANCE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES OVERSEES ALL EXECUTIVE COMPENSATION MATTERS. THE COMMITTEE ENGAGES AN INDEPENDENT THIRD PARTY CONSULTING FIRM TO CONDUCT AN ANNUAL INDEPENDENT MARKET-BASED COMPENSATION REVIEW OF EXECUTIVES IN COMPARABLE HEALTHCARE SYSTEMS AND USES THIS DATA IN DETERMINING REASONABLE AND APPROPRIATE EXECUTIVE COMPENSATION LEVELS. ALL COMPENSATION COMMITTEE MEMBERS ARE INDEPENDENT WITH NO CONFLICT OF INTEREST WITH REGARD TO EXECUTIVE COMPENSATION MATTERS. THE COMPENSATION COMMITTEE CONSIDERS MANY FACTORS IN DETERMINING EXECUTIVE PAY LEVELS. SOME OF THESE FACTORS ARE, BUT ARE NOT LIMITED TO, THE KNOWLEDGE, EXPERIENCE AND COMPETENCIES OF THE EXECUTIVE, PERFORMANCE OF THE EXECUTIVE, AREAS OF RESPONSIBILITY, IMPORTANCE OF EXECUTIVE RETENTION AND PEER CALIBRATION AND TALENT MANAGEMENT RATING. THE COMMITTEE DOCUMENTS ITS DECISIONS AND THE PROCESS IT FOLLOWS IN DETAILED AND CONTEMPORANEOUS MINUTES. IT DILIGENTLY FOLLOWS THE PRESCRIBED PROCESS FOR ESTABLISHING A PRESUMPTION OF REASONABLENESS. FORM 990, PART VI, SECTION C, LINE 19 THE TAXPAYER MAKES ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND TAX RETURNS AVAILABLE TO THE GENERAL PUBLIC ON AN AS-REQUESTED BASIS. PART VII, LINE 1A COLUMN D- COMPENSATION PAID TO THE FORMER PRESIDENT/CEO (HOLMAN) INCLUDES A LUMP SUM VESTING PAYMENT OF RETIREMENT BENEFITS EARNED IN PREVIOUS YEARS INCLUDING CALENDAR YEAR 2013. COLUMN F-OTHER COMPENSATION TO OFFICERS AND DESIGNATED EXECUTIVES INCLUDES 401K AND DEFERRED COMPENSATION BENEFITS SUBJECT TO FUTURE VESTING. GENERAL INFO THE GENERAL HEALTH SYSTEM (GHS) BOARD OF TRUSTEES ALSO SERVES AS THE BOARD OF TRUSTEES FOR ITS WHOLLY-OWNED, 501C3 HOSPITAL AFFILIATE, BATON ROUGE GENERAL MEDICAL CENTER EIN 72-1025017. FORM 990, PART XI, LINE 9: EQUITY IN EARNINGS OF SUBSIDIARY 888,680. ADJUSTMENT OF PRIOR YR PENSION SVC COST LIABILITY -2,731,717. PART XII, LINE 2C NO CHANGE IN THE ORGANIZATION'S AUDIT OVERSIGHT PROCESS OR AUDITOR SELECTION PROCESS. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS TASKED WITH THE OVERSIGHT OF THE ANNUAL AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. BATON ROUGE GENERAL MEDICAL CENTER 8585 PICARDY AVENUE BATON ROUGE LA 70809 721025017 HOSPITAL LA 501(C)(3) 3 N/A 0 GENERAL HEALTH SYSTEM FOUNDATION 8585 PICARDY AVENUE BATON ROUGE LA 70809 740801335 FOUNDATION LA 501(C)(3) 11 N/A 0 BEHAVIORAL HEALTH INC 8585 PICARDY AVENUE BATON ROUGE LA 70809 720893168 DORMANT CORP. LA 501(C)(3) 3 N/A 0 GENERAL LIVING CENTERS INC 8585 PICARDY AVENUE BATON ROUGE LA 70809 581705626 DORMANT CORP. LA 501(C)(3) 9 N/A 0 MID CITY HEALTH CENTER 8585 PICARDY AVENUE BATON ROUGE LA 70809 721260054 DORMANT CORP. LA 501(C)(3) 3 N/A 0 THE GENERAL HEALTH FOUNDATION 8585 PICARDY AVENUE BATON ROUGE LA 70809 720907879 DORMANT CORP. LA 501(C)(3) 11 N/A 0 GENERAL HEALTH MANAGEMENT INC 8585 PICARDY AVENUE BATON ROUGE LA 70809 720904131 MANAGING COMPANY LA N/A C 1.00000 0 HEALTH MANAGEMENT SERVICES INC 8585 PICARDY AVENUE BATON ROUGE LA 70809 720929442 DORMANT CORP LA GENERAL HEALTH MANAGEMENT INC C 1.00000 0 HEALTH INITIATIVES INC 8585 PICARDY AVENUE BATON ROUGE LA 70809 720981798 DORMANT CORP LA GENERAL HEALTH MANAGEMENT INC C 1.00000 0 GENERAL HEALTH SYSTEM MANAGEMENT INC 8585 PICARDY AVENUE BATON ROUGE LA 70809 721335513 MANAGING COMPANY LA N/A C 1.00000 0 VERITY HEALTHNET ACCT MGT SVS INC 8585 PICARDY AVENUE BATON ROUGE LA 70809 721245224 MANAGING COMPANY LA GENERAL HEALTH SYSTEM MANAGEMENT C 800686 1400440 1.00000 0 VERITY HEALTHNET LLC 8585 PICARDY AVENUE BATON ROUGE LA 70809 450510673 PROVIDER NETWORK MARKETER LA VERITY HEALTHNET ACCOUNTS MANAGEMENT SERVICES INC C 3949 71956 0.50000 0 VERITY NATIONAL HEALTHNET LLC 8585 PICARDY AVENUE BATON ROUGE LA 70809 562353850 DORMANT CORP LA VERITY HEALTHNET ACCOUNTS MANAGEMENT SERVICES INC C 0.50000 0 BRG PHYSICIANS AFTER HOURS CLINIC INC 8585 PICARDY AVENUE BATON ROUGE LA 70809 743109146 PHYSICIAN CLINIC LA BRG PHYSICIAN SERVICES C 1.00000 0 MEDICAL DIAGNOSTIC SERVICES INC 8585 PICARDY AVENUE BATON ROUGE LA 70809 720994499 DORMANT CORP LA GENERAL HEALTH SYSTEM MANAGEMENT C -1 88500 1.00000 0 BRG PHYSICIANS SERVICES INC 8585 PICARDY AVENUE BATON ROUGE LA 70809 203756691 PHYSICIAN CLINIC LA GENERAL HEALTH SYSTEM MANAGEMENT C -2019490 145621 1.00000 0 BRG PHYSICIANS INC 8585 PICARDY AVENUE BATON ROUGE LA 70809 721245632 PHYSICIAN CLINIC LA BRG PHYSICIAN SERVICES C -3391133 1870437 1.00000 0 HOSPITAL MEDICINE GROUP INC 8585 PICARDY AVENUE BATON ROUGE LA 70809 203720898 DORMANT CORP LA BRG PHYSICIAN SERVICES C -4 10184 1.00000 0 BRG HOSP SPECIALISTS INC 8585 PICARDY AVENUE BATON ROUGE LA 70809 203756738 PHYSICIAN CLINIC LA GENERAL HEALTH SYSTEM MANAGEMENT C -424786 121866 1.00000 0 GULF SOUTH HEALTH PLANS INC 8585 PICARDY AVENUE BATON ROUGE LA 70809 721068656 DORMANT CORP LA N/A C 13201 1.00000 0 BATON ROUGE GENERAL PRIMARY CARE 8490 PICARDY AVENUE BATON ROUGE LA 70809 452969168 PHYSICIAN CLINIC LA GENERAL HEALTH SYSTEM MANAGEMENT C 126225 1.00000 0 BRGP MEDICAL GROUP LLC 8490 PICARDY AVENUE BATON ROUGE LA 70809 453063914 PHYSICIAN CLINIC LA GENERAL HEALTH SYSTEM MANAGEMENT C -264265 618900 1.00000 0 GHS STAFFING SERVICES LLC 8490 PICARDY AVENUE BATON ROUGE LA 70809 453058006 STAFFING SVCS LA GENERAL HEALTH SYSTEM MANAGEMENT C 17508 488781 1.00000 0 BR GENERAL LAB SERVICES LLC 8490 PICARDY AVENUE BATON ROUGE LA 70809 461735706 DORMANT CORP LA C 1.00000 0 1 1 1 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 SEE PART VII FOR ADDITIONAL SCHEDULE R INFORMATION BATON ROUGE GENERAL MEDICAL CENTER #72-1025017 FAIR MKT VALUE GENERAL HEALTH SYSTEM FOUNDATION #74-0801335 FAIR MKT VALUE BATON ROUGE GENERAL PHYSICIANS INC #72-1245632 FAIR MKT VALUE HOSPITAL MEDICINE GROUP INC #20-3720898 FAIR MKT VALUE BATON ROUGE GENERAL PHYSICIANS HOSPITAL SPECIALISTS INC # 20-3756738 FAIR MKT VALUE BATON ROUGE GENERAL PHYSICIANS SERVICES INC # 20-3756691 FAIR MKT VALUE PAGE 3, PART V, LINE 2(A) GENERAL HEALTH SYSTEM (GHS) PROVIDES CENTRALIZED MANAGEMENT, BANKING, ACCOUNTS PAYABLE AND ACCOUNTS RECEIVABLE/BILLING, PAYROLL, ACCOUNTING/TAX, INTERNAL AUDIT AND CORPORATE COMPLIANCE, HUMAN RESOURCE, RISK MANAGEMENT, INSURANCE, BENEFITS MANAGEMENT, LEGAL AND INFORMATION TECHNOLOGY SERVICES TO ALL MEMBERS OF GENERAL HEALTH SYSTEM. ALL MONIES COLLECTED FROM OR SPENT FOR ALL GHS-RELATED ENTITIES ARE DEPOSITED INTO/SPENT FROM CENTRALIZED GHS BANK ACCOUNTS AND ACCOUNTED FOR AS RECEIVED OR DISBURSED. THE ANNUAL NET AMOUNTS OF THESE TRANSACTIONS ARE REFLECTED AS GHS RECEIVABLES/LIABILITIES ON AN ONGOING BASIS. DUE TO THE MASSIVE NUMBER OF TRANSACTIONS DESCRIBED ABOVE, A PROPER, SEGREGATED ACCOUNTING IN THE MANNER PROSCRIBED BY SCHEDULE R IS NOT POSSIBLE AT THIS TIME.