what are the too five expenses of the organization this year? any changes over the prior year?

476 CHAPTER 33 Case Study: Metropolis Health System $1.200.000 325,000 450.000 165.000 330.000 $5,450,000 Metropolis Health System Schedule of Operating Expenses for the lears Ended March 31, 2023 and 20x2 Nursing Services S3.880,000 Routine Medical/Surgical 300.000 Operating Room 395.000 Intensive Care Units 150.000 OB-Nursery 300,000 Other $5,025,000 Total Other Professional Services Laboratory $2,375,000 Radiology and CT Scanner 1.700.000 Pharmacy 1,375,000 950,000 Emergency Service Medical and Surgical Supply 1.800,000 Operating Rooms and Anesthesia 1.525,000 Respiratory Therapy 525,000 Physical Therapy 700,000 EKG and EEG 185,000 Ambulance Services 80,000 Substance Abuse 460,000 Home Health and Hospice 1.295,000 Other 130,000 Total $13,100,000 General Services Dietary $1,055,000 Maintenance 1,000,000 Laundry 295,000 Housekeeping 470,000 Security 50,000 Medical Records 330,000 Total $3,200,000 Support Services General $4,600,000 Insurance 240,000 Payroll Taxes 1.130,000 Employee Welfare Other 1.900.000 Total 430,000 $8,300,000 Depreciation $1,900,000 Amortization 50,000 $2,350,000 1.680.000 1.360.000 930.000 1.780,000 1.515.000 530,000 695.000 180.000 80,000 450,000 1.280,000 120,000 $12.950,000 $1,060,000 1,010,000 300,000 475,000 50,000 325,000 $3,220,000 $4,540,000 235,000 1,180,000 1,950,000 435,000 $8,340,000 $1,800,000 50.000 Interest Expense Total Operating Expenses STATEMENTS General hospital is a municipal corporation and body politic created under the hospital district laws of the state. Provision for Doubtful Accounts EXCERPTS FROM METROPOLIS HEALTH SYSTEM NOTES TO FINANCIAL Note 1-Nature of Operations and Summary of Significant Accounting Policies Metropolis Hospital System (Hospital) currently operates as a general acute care hospital. The The hospital's Board of Directors has adopted the policy of designating certain funds that are to be used to fund depreciation for the purpose of improvement, replacement, or expansion 325.000 350.000 1,500,000 1.600.000 $33.400,000 $33,760,000 Equipment Land Improvements Buildings and Improvements Cash and Cash Equivalents For purposes of reporting cash flows, the hospital considers all liquid investments with an origi- nal maturity of three months or less to be cash equivalents. Inventory Inventory consists of supplies used for patients and is stated as the lower of cost or market. Cost is determined on the basis of most recent purchase price. Iwwestments Investments, consisting primarily of debt securities, are carried at market value. Realized and unrealized gains and losses are reflected in the statement of revenue and expenses. Investment income from general fund investments is reported as nonoperating gains. Income Taxes As a municipal corporation of the state, the hospital is exempt from federal and state income taxes under Section 115 of the Internal Revenue Code. Property, Plant, and Equipment Expenditures for property, plant, and equipment, and items that substantially increase the use- ful lives of existing assets are capitalized at cost. The hospital provides for depreciation on the straight-line method at rates designed to depreciate the costs of assets over estimated useful lives as follows: Years 5 to 20 20 to 25 40 Funded Depreciation of plant assets