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I ! D
P .O . B o x 3 1 0 0 2
5 1 . P e te rs b u rg ,
F L 3 3 7 3 1 -8 9 0 2
P .O . B o x
1 4 3 9
Tam pa.
F L 3 3 6 0 1 -1 4 3 9
In d e p e n d e n t
A u d ito rs '
R eport
T he
B oard
of D irectors
D octors'
M em orial
H o s p ita l,
In c .:
W e
h a v e
a u d ite d
th e
b a la n c e
s h e e ts-
u n re s tric te d
fu n d s
o f
D octors'
M em orial
H ospital, Inc., (the
" H o s p ita l" )
a s
o f
M ay 31, 2001
a n d
2000, and
th e
re la te d
s ta te m e n ts
o f o p e ra tio n s
a n d
c h a n g e s in
u n re s tric te d
fund balance, and cash flow s for the years then ended.
T h e s e fin a n c ia l s ta te m e n ts a re th e
re s p o n s ib ility o f th e H o s p ita l's m a n a g e m e n t. O u r re s p o n s ib ility is to e x p re s s a n o p in io n o n th e s e fin a n c ia l
s ta te m e n ts b a s e d o n o u r a u d its .
W e c o n d u c te d o u r a u d its in a c c o rd a n c e w ith a u d itin g s ta n d a rd s g e n e ra lly a c c e p te d in th e U n ite d S ta te s o f
A m erica
a n d th e s ta n d a rd s a p p lic a b le to fin a n c ia l a u d its c o n ta in e d in
G o v e r n m e n ta l A u d itin g
S ta n d a r d s ,
is s u e d b y th e C o m p tro lle r G e n e ra l o f th e U n ite d S ta te s .
Those standards require that w e plan and perform
th e
a u d its
t o
o b ta in
re a s o n a b le
assurance about whether
th e
fin a n c ia l s ta te m e n ts
a re

free of m aterial m is s ta te m e n t. A n a u d it in c lu d e s e x a m in in g , o n a te s t b a s is , e v id e n c e s u p p o rtin g th e a m o u n ts a n d d is c lo s u re s in th e fin a n c ia l s ta te m e n ts .

A n a u d it a ls o in c lu d e s a s s e s s in g th e a c c o u n tin g p rin c ip le s u s e d a n d s ig n ific a n t
e s tim a te s m a d e b y
m a n a g e m e n t, a s w e ll a s e v a lu a tin g th e o v e ra ll fin a n c ia l s ta te m e n t p re s e n ta tio n .
W e
b e lie v e th a t o u r a u d its p ro v id e a re a s o n a b le b a s is fo r o u r o p in io n .
.

In o u r o p in io n , th e fin a n c ia l s ta te m e n ts re fe rre d to a b o v e p re s e n t fa irly , in a ll m a te ria l re s p e c ts , th e fin a n c ia l p o s itio n o f D o c to rs ' M e m o ria l H o s p ita l, In c ., a s o f M a y 3 1 , 2 0 0 1 a n d 2 0 0 0 , a n d th e re s u lts o f its o p e ra tio n s a n d its c a s h flo w s fo r th e y e a rs th e n e n d e d in c o n fo rm ity w ith a c c o u n tin g p rin c ip le s g e n e ra lly a c c e p te d in th e U n ite d S ta te s o f A m e ric a .

D u rin g
2 0 0 1 , th e H o s p ita l
c h a n g e d
its m e th o d
o f a c c o u n tin g
fo r S ta te o f F lo rid a
P u b lic
A ssistance
trust fund
assessm ents.
In accordance w ith
G o v e r n m e n t A u d itin g S ta n d a r d s ,w e have also issued a report dated A ugust 3, 2001 on
o u r c o n s id e ra tio n o f D o c to rs ' M e m o ria l H o s p ita l, In c .' s in te rn a l c o n tro l o v e r fin a n c ia l re p o rtin g a n d o n o u r
te s ts o f its c o m p lia n c e w ith c e rta in p ro v is io n s o f la w s , re g u la tio n s , c o n tra c ts a n d g ra n ts .

That report is an in te g ra l p a rt o f a n a u d it p e rfo rm e d in a c c o rd a n c e w ith G o v e rn m e n ta l A u d itin g S ta n d a rd s a n d s h o u ld b e re a d in c o n ju n c tio n w ith th is re p o rt in c o n s id e rin g th e re s u lts o f o u r a u d it.

K P M .G T
L L -P
A ugust 3, 2001
II I I
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D O C T O R S '
M E M O R IA L
H O S P IT A L , IN C .
B a la n c e
S h e e ts- U n re s tric te d
F u n d s
M ay 31, 2001 and 2000
A ssets
C u rre n t
a s s e ts :
C ash
a n d c a s h e q u iv a le n ts
(n o te
2 )
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re c e iv a b le ,
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u n c o lle c tib le s
o f a p p ro x im a te ly
$ 1 ,8 8 0 ,0 0 0
a n d $ 2 ,4 4 1 ,0 0 0
in 2 0 0 1
a n d 2 0 0 0 , re s p e c tiv e ly
S u p p lie s
A ssets
lim ited
as to use
P re p a id
e x p e n s e s
a n d o th e r
a s s e ts
Total current assets
B u ild in g s a n d e q u ip m e n t, n e t (n o te 5 )
Total assets
L ia b ilitie s
a n d F u n d B a la n c e
C urrent liabilities:
A ccounts payable and accrued expenses
E s tim a te d th ird -p a rty p a y o r s e ttle m e n ts
C u rre n t in s ta llm e n ts o f lo n g -te rm d e b t (n o te 6 )
T o ta l c u rre n t lia b ilitie s
3 1 .L " -:-_ _ ~ (
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$
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2 0 0 0
(as adjusted
n o te 3 )
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D O C T O R S ' M E M O R IA L
H O S P IT A L ,
IN C .
S ta te m e n ts
o f O p e ra tio n s
Years ended M ay
31, 2001 and 2000
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0 0 0
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Total revenue
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Purchased services
U tilitie s a n d te le p h o n e
D e p re c ia tio n
In s u ra n c e
P ro v is io n fo r u n c o lle c tib le a c c o u n ts
I n te r e s t
O th e rTotal expenses
(Loss) incom e
fro m
o p e ra tio n s
N o n o p e ra tin g in c o m e :
C o n trib u tio n s (n o te 1 1 )
(D eficit) excess of revenue over expenses before
c u m u la tiv e e ffe c t o f c h a n g e in a c c o u n tin g p rin c ip le
C u m u la tiv e e ffe c t o f c h a n g e in a c c o u n tin g p rin c ip le (n o te 1 (j))
Excess of revenue over expenses
U n re s tric te d fu n d b a la n c e , b e g in n in g o f y e a r, a s p re v io u s ly re p o rte d
A d ju s tm e n t (n o te 3 )
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. 6 ,6 3 9 ,5 1 7
U n restricted
fund balance,
end of year
$
S e e a c c o m p a n y in g
n o te s
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2 0 ,9 5 4 ,4 3 5
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5 0 1 ,8 8 9
4 1 0 ,2 0 6
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