Facility Evaluation Report

At this informal conference present were Randy Brown, Executive Director; Michael Beeman, Chief Financial Officer; Pam Kaufmann, attorney; Mark Damon, Certified Public Accountant; Jim Stearman, attorney; Stan Leach, Licensee Board Member, Bill Hendrickson, CDSS Financial Consultant, William Young, Financial Analyst; Paramjit Judge, Financial Analyst; Marina Stanic, Licensing Program Manager; Allison Nakatomi, Manager; and Katie Anderson, Assistant Branch Chief.

The informal conference process was explained to the Licensee.

During the meeting the following was discussed with Licensee:

- Clarifying line items in calculating the monthly burn rate.

- Outstanding issues not addressed from last meeting.

- By August 24, 2021, CCLD will update the spreadsheet to reflect agreed upon methodology to calculate the monthly burn rate and will provide to the Licensee.

§ Entrance fees (cash) received can be included

§ Amortization must be deducted (if included in total revenue)

§ Non-recurring revenue must be deducted, such as grants or federal assistance (if included in total revenue)

§ Non-recurring COVID 19 extra Expense can be deducted