2014 Uniform Financial Reporting Requirements
On August 28th, AAF held a UFR Update webinar for more than 80 registered viewers. Our presenter, Robin Kelley, CPA, provided the participants with an update of the impact of Chapter 257 on the UFR and the new reporting requirements as well as discussion of risk areas and surplus revenue retention management. If you missed the webinar, here is a summary of the new reporting requirements in the 2014 UFR preparation manual:
- Salary Survey: the Executive Office of Health and Human Services (EOHHS) requires POS providers to complete a Staff Salary Snapshot report to assist EOHHS with setting and reviewing regulated rates. The Staff Salary Snapshot report is due by November 15 each year regardless of your fiscal year end. The submission is done separately from the UFR filing and should be sent to firstname.lastname@example.org. The spreadsheet, frequently asked questions and other info related to this reporting requirement can be found at http://www.mass.gov/eohhs/provider/contracting/salary-snapshot-report.html
- Supplier Diversity Program (SDP): POS providers are also required to upload an annual SDP with their UFR submission or an exemption request. Failure to submit the SDP Form will impact the process of contracting with the state and the renewal of current contracts. The SDP Form can be found online on the Uniform Financial Report Resource Center website.
Additionally if you have a Caring Together contract with the state, you should have received some clarifying information regarding how and what to group together on the Schedule B of the UFR. Please be sure to read through that information to make sure you are gathering and combining costs appropriately.
For more information, please contact your AAF Partner, or Robin Kelley, at 774.512.4011 or email@example.com.