Utah Code § 31A-44-307

Disclosure statement -- Contents -- Financial information
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The provider disclosure statement shall:
(1) describe any provisions the provider made or will make to provide reserve funding or security to
enable the provider to fully perform the provider's obligations under a continuing care contract,
including:
(a) the establishment of an escrow account, trust, or reserve fund, and the manner in which the
provider will invest the account, trust, or reserve funds; and
(b) the name and experience of an individual in the provider's direct employment who will make
the investment decisions;
(2) contain a provider financial statement, prepared in accordance with generally accepted
accounting principles, and audited by an independent certified public account, that includes:
(a) a balance sheet as of the end of the most recent fiscal year;
(b) an income statement for each of the three most recent fiscal years; and
(c) a cash flow statement for each of the three most recent fiscal years.

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