This is an official California Judicial Council form comprising a financial statement for use in divorce or support proceedings, or for the purposes of enforcing a money judgment. Enter the information as indicated on the form and file with the court as appropriate.
Daly City California Financial Statement, also known as 982.5(5.5), is a crucial document that provides a comprehensive overview of the financial position and performance of the city of Daly City, California. It is a standardized reporting tool that is used by governmental entities to present the financial activity and accountability of the local government. The Daly City California Financial Statement includes a range of information, such as revenues, expenditures, assets, liabilities, and fund balances. This detailed statement provides a transparent view of how public funds are utilized and managed in Daly City, fostering trust and accountability between the city government and its residents. The financial statement follows the guidelines of section 982.5(5.5) in California law, ensuring consistency and adherence to applicable regulations. It incorporates various sections that provide specific information on the city's financial activities, including the general fund, special revenue funds, capital projects funds, debt service funds, and more. Different types of Daly City California Financial Statements that fall under 982.5(5.5) may include: 1. Comprehensive Annual Financial Report (CAR): This extensive report offers a comprehensive analysis of the city's financial activities, including detailed financial statements, statistical data, and analysis. The CAR usually covers the entire fiscal year and provides insight into the financial health and performance of Daly City. 2. Budgetary Comparison Statement: This statement compares the original budgeted amounts with actual revenues and expenditures for a specific fiscal period. It allows city officials and residents to gauge how well the actual financial outcomes align with the initial budgetary plans. 3. Balance Sheet: The balance sheet summarizes the city's financial position at a specific point in time. It presents the city's assets, liabilities, and fund balances, providing a snapshot of the financial stability and liquidity of Daly City. 4. Statement of Revenues, Expenditures, and Changes in Fund Balances: This statement tracks the inflows and outflows of funds for various governmental activities over a certain period. It showcases the city's revenue sources, such as taxes, grants, and fees, as well as the corresponding expenditures, giving a clear overview of how funds are utilized. Completing a Daly City California Financial Statement in adherence to 982.5(5.5) is crucial for local government transparency, accountability, and effective financial management. It ensures that public funds are managed responsibly and that residents have access to accurate and detailed information regarding the financial activities of Daly City, California.
