Official Site of The State of New Jersey
Provider agencies with more than $350,000 in annual combined billing to DDD are required to annually submit a Fiscal Sustainability Report.
- Deadline – Reports are due 120 calendar days after the close of each State Fiscal Year, on or about October 30. (The New Jersey State Fiscal Year runs from July 1 to June 30.)
- If your agency's fiscal year does not align with the State Fiscal Year, your report is due 120 calendar days after the close of your agency's fiscal year.
- Template – Providers must use the DDD Fiscal Sustainability Template.xlsx.
- Submission – Submit completed reports to DDD.WaiverFinancialReports@dhs.nj.gov.
Fiscal Sustainability Criteria
Provider agencies are encouraged to develop their own internal metrics and are permitted to submit these as supplements to the required reports.
Operations
- Primary Reserve Ratio = Expendable net assets / Total expenses
- Operating Reliance Ratio = Program revenues / Total expenses
Liquidity and Activity
- Quick Ratio = (Cash + Accounts receivable + Short-term investments) / Current liabilities
- Average Collection Period = Days in period * Average claims receivable / Total claims
Financing
- Debt Ratio = Total debt / Total assets
- Interest Coverage Ratio = EBIT / Interest expense
For more information, see Section 14.3 in the DDD Community Care and Supports Program policy manuals.