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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 />Economic and Other Factors <br />A number of economic factors currently affect the financial and operational performance of health care <br />entities and the Authority including the following: <br />Medicaid Waiver The most significant event during the fiscal year related to the Medicaid <br />waiver award for capitated funding which began on April 1, 2005. During <br />the year ended June 30, 2006 the Authority received those payments for <br />the full year. <br />Finance Contact <br />The Authority's financial statements are designed to present users with a general overview of the <br />Authority's finances and to demonstrate the Authority's accountability. If you have any questions about <br />the report or need additional financial information, please contact the Finance Director, Piedmont Area <br />Mental Health, Developmental Disabilities and Substance Abuse Authority, 245 Le Phillip Court, <br />Concord, North Carolina, 28025. <br />(8) <br />G~`I <br />