Step 12: Annual Review - Is Rate Covering Cost?
Review Rate Account Ledgers
At the end of the year, use your financial reporting system and the Annual Break-Even Checklist below to perform a break-even analysis and a subsidized vs unsubsidized analysis in your rate account.
Annual Break-Even Checklist
Perform Trend Analysis
At the end of the year, use your financial reporting system and the Trend Analysis Checklist below to perform a trend analysis in your rate account.
Annual Trend Analysis Checklist
What are your analysis results?
Were only allowable costs included in Rate?
Did separate services carry unique rates? (were the rates fair)?
Did the final rate balance fall within 5% of the anticipated budget