Definition of Annual operating expense


Annual operating expense means that expense which, by generally accepted accounting principles, is incurred by a new health care service during the first fiscal year in which the service is in full operation after completion of the project.
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Examples of Annual operating expense in a sentence

DEFINITIONS As used in this subchapter: * * * (2) "Annual operating expense" means that expense which, by generally accepted accounting principles, is incurred by a new health care service during the first fiscal year in which the service is in full operation after completion of the project.
Annual operating expense growth, now the red, is the G&A and you will see and I tend to look at the sum of the red and the green and that you see a blip up this year in the G&A, and a lot of that is the cost of fighting the Marin County suit.