The County created a legally separate County Hospital authority.Members of the board of the County Hospital are elected in county-wide elections.The County must approve the budget of the Hospital, but the hospital receives no financial support from the County, except that the County pays the hospital bills for county indigents.All revenues of the Hospital are user fees.In what manner would the Hospital be included in the County's Basic Financial Statements?

Question

Quizplus · Accepted Answer

The hospital authority is a legally separate entity, and its finances are separate from the County's. Therefore, the hospital should be presented discretely in the County's basic financial statements.

The County Created a Legally Separate County Hospital Authority