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The main purpose of the statement of cash flows is to report on the cash receipts and cash disbursements of an entity during an accounting period. Broadly defined, cash includes both cash and cash equivalents, such as short-term investments in Treasury bills, commercial paper, and money market funds.
I received a letter from the State Controller's Office. Is it legitimate? You may receive a letter in the mail from the State Controller's Office that looks like this. The purpose of this letter is to notify owners that a business has their property before it is turned over to the state's custody.
California's state budget supports an array of programs and services that touch the lives of all Californians ? from schools and colleges to health care and public safety to highways and environmental protection.
It is the SFEU that provides a source of funds for the general activities of the state in the event of a decline in General Fund revenues or an unanticipated increase in General Fund expenditures.
The General Fund makes up 3/4th of the entire budget; it allocates monies to state operations and payments to localities. The annual budget is proposed by the California State Legislature and approved by the Governor of California, who enjoys the prerogative of line-item veto.
How will I receive payment? You will receive a warrant (a check from the state) in the mail from the State Controller's Office. There is no option for direct deposit for unclaimed property payments.