Sec. 446.40. Rent and equity  


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  • (a) Does any rent expense you reported remain in the New York State Cost Allocation process?
    (1) Leases and Rentals—Fixed Assets (account 8815); or
    (2) Leases and Rentals—Movable Equipment (account 8825).
    (b) If yes, report the following:
    (1) For each lessor organization, report the amount of rent expense:
    (i) fixed assets, separately from
    (ii) movable equipment.
    (2) Provide the name of the lessor organization and indicate if:
    (i) you have an arm's length arrangement, or
    (ii) a non-arm's length arrangement.
    (c) If a non-arm's length arrangement exists, the owner/lessor must provide:
    (1) Actual expense relative to the asset leased/rented:
    (i) Depreciation.
    (ii) Mortgage interest.
    (iii) Insurance.
    (iv) Property taxes.
    (v) Other (specify).
    (2) Condensed balance sheet relative to the asset leased/rented:
    (i) Total assets.
    (ii) Total liabilities.
    (iii) Total capital (equity).
    (d) Definition of non-arm's length arrangement.
    (1) Operator of proprietary facility has more than a 10 percent interest in the equity of a company providing real property, goods or services to the facility.
    (2) An interest in the equity means an operator has ownership or control, direct or indirect, in such a company.