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Tags Posts tagged with "Financial Statement"

Financial Statement

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NOTE TO INSPECTOR: The word "iridium" on the pen's nib is not a brand: it's the name of the metal of which the nib is made. Thanks. Inky old fountain pen on a $100 bill.

The Office of Developmental Programs (ODP) reminds Supports Coordination Organizations (SCOs) that they are required to provide a *PDF of their 2024 fiscal year-end financial statements no later than 9 months from the end of their fiscal year. In most cases, this date will be March 31 annually.

Financial Statement submissions must include, at a minimum, a Profit and Loss Report (Income Statement) for the 2024 fiscal year and a Balance Sheet as of the end of the provider’s fiscal year. ODP developed a QuestionPro link for SCOs to easily attach a *PDF of their financial statements, which will satisfy the requirement. The link for the ODP Waiver Provider Financial Statement Submission Form is available.

Residential Providers are required to provide a *PDF of their financial statements as part of Performance-Based Contracting and are no longer required to submit statements separately using the URL referenced in this document effective the date of this announcement.

Details of this requirement are available in ODPANN 25-025.

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The Office of Developmental Programs (ODP) reminds Residential Providers and Supports Coordination Organizations (SCOs)* of the new requirement to submit year-end financial statements no later than 9 months after their fiscal year end. For many providers this will be March 31, 2024. Details of this requirement are available in ODPANN 23-76.

If your MPI is included on the available spreadsheet, your financials have not been received as of March 25, 2024, and will need to be submitted.

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NOTE TO INSPECTOR: The word "iridium" on the pen's nib is not a brand: it's the name of the metal of which the nib is made. Thanks. Inky old fountain pen on a $100 bill.

This is a reminder that ODP is requiring Residential Providers and Support Coordination Organizations (SCO) to provide a PDF of their fiscal year-end financial statements. Providers and SCOs will be given nine months after the end of their fiscal year to make the initial submission. For example, if the provider’s fiscal year ended on 6/30/2023, their financial statements must be submitted by 03/31/2024. The link for the statement form is here. You can view the ODP announcement with further details and information here.

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The Office of Developmental Programs (ODP) has shared the updated communication, ODPANN 23-076: Annual Submittal of Financial Statements. The purpose of this announcement is to remind residential providers and support coordination organizations (SCO) that they are required to provide a *PDF of their fiscal year-end financial statements with the approval of the most recent waiver amendments. The waiver amendments were approved October 18, 2023.

Please review the announcement for additional information. Note that updates are marked in red.

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