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PIEDMONT AREA MENTAL HEALTH,
<br />DEVELOPMENTAL DISABILITIES AND SUBSTANCE ABUSE AUTHORITY
<br />MANAGEMENT'S DISCUSSION AND ANALYSIS
<br />JUNE 30, 2006
<br />Statement of Activities
<br />While the Statement of Net Assets shows the change in net assets, the Statements of Activities
<br />provides answers to the nature and source of these changes.
<br />Table A-2
<br />Condensed Statements of Changes in Net Assets
<br />Years Ended June 30, 2006 and 2005
<br />2006
<br />Revenues
<br />Program Revenues
<br />Charges for Services
<br />Operating Grants and Contributions
<br />General Revenues
<br />County Revenue
<br />Interest Income
<br />Gain on Disposal of Capital Assets
<br />Total Revenues
<br />Expenses
<br />Local Management Entity Administration
<br />Contracted Services
<br />Case Management
<br />Substance Abuse-Residential
<br />Property Management
<br />Total Expenses
<br />Changes in Net Assets
<br />Net Assets -Beginning
<br />Net Assets -Ending
<br />95, 321,197
<br />36,369,211
<br />2,721,924
<br />1,030,717
<br />13,362
<br />135,456,411
<br />10,885,536
<br />108,745,934
<br />6,261,553
<br />153,702
<br />611,728
<br />126,658,453
<br />8,797,958
<br />23,096,682
<br />$ 31,894,640
<br />2005
<br />$ 45,818,551
<br />37,240,336
<br />2,651,724
<br />210,492
<br />10,605
<br />85,931,708
<br />9,558,704
<br />62,991,565
<br />7,600,150
<br />189,539
<br />798,740
<br />81,138,698
<br />4,793,010
<br />18,303,672
<br />$ 23,096,682
<br />The Authority's operating revenues increased by 58.6% in 2006. Service fees increased by 108.0%
<br />due to Medicaid capitation waiver revenues. The Authority's operating expenses in 2006 increased
<br />approximately 56.1%. On April 1, 2005, the Authority was awarded a waiver from Medicaid related to
<br />capitation payments which increased Medicaid revenues. During the 2006 fiscal year, this additional
<br />waiver income contributed significantly towards favorable operations.
<br />The Authority has made application with the State and Center for Medicare and Medicaid Services to
<br />add B-3 supplemental services to the Authority's service plan. The B-3 service data will be used in
<br />calculating future capitation rates.
<br />tsl
<br />G~N
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