This is an official California Judicial Council family law form, which may be used in domestic litigation in California. Enter the information as indicated on the form and file with the court as appropriate.
Contra Costa County, California Financial Statement — Simplified: A Contra Costa County financial statement is a simplified document that provides a summary of the financial position, activities, and performance of Contra Costa County, California. This essential report provides insights into the county's revenues, expenses, assets, liabilities, and overall financial health. It serves as a fundamental tool for budgeting, decision-making, and accountability for both the county government and its residents. Key Contents of Contra Costa County Financial Statement — Simplified: 1. Revenues: This section outlines the county's sources of income, which may include taxes, grants, fees, fines, and other revenue streams. It offers a breakdown of revenue categories, such as property taxes, sales taxes, and intergovernmental revenues. 2. Expenses: This segment portrays the county's expenditures. It itemizes the costs incurred in delivering public services, such as salaries, benefits, supplies, maintenance, debt service, and program-specific expenses. The expenses are generally categorized on a functional basis, such as public safety, health services, infrastructure, and administration. 3. Assets: Here, the county enumerates its tangible and intangible resources with economic value. Common assets include cash and cash equivalents, investments, buildings, vehicles, and equipment. It allows readers to understand the county's available resources for future initiatives and service delivery. 4. Liabilities: This section captures the outstanding obligations or debts of the county. It may encompass long-term debts, short-term obligations, pension liabilities, and accounts payable. The disclosure of liabilities is crucial to evaluate the county's financial obligations and ensure transparency. 5. Fund Balance: The fund balance represents the difference between the county's assets and liabilities. It expresses the overall financial position and indicates the extent to which the county can meet its financial commitments. A positive fund balance implies financial stability, while a negative balance may indicate financial stress. Different Types of Contra Costa County Financial Statements — Simplified: 1. Annual Financial Statement: This comprehensive financial report is prepared annually and summarizes the county's financial performance for a specific fiscal year. It provides a holistic view of the county's financial activities, including revenues, expenditures, assets, liabilities, fund balances, and cash flows. 2. Interim Financial Statement: Interim financial statements cover a shorter time period, usually a quarter or half of a fiscal year. They offer an overview of the county's financial position during that particular period, allowing for monitoring and assessment of ongoing financial activities. 3. Special Financial Statements: Occasionally, Contra Costa County may prepare specific financial statements tailored to address unique circumstances or initiatives. These could include project-specific financial statements, grant-based financial reports, or financial statements related to specific county departments or initiatives. In conclusion, a Contra Costa County Financial Statement — Simplified provides a condensed but meaningful representation of the county's financial condition, revenues, expenses, assets, liabilities, and fund balances. By understanding and analyzing this statement, both the county government and residents can make informed decisions, assess financial performance, and ensure transparency in the management of public resources.Contra Costa County, California Financial Statement — Simplified: A Contra Costa County financial statement is a simplified document that provides a summary of the financial position, activities, and performance of Contra Costa County, California. This essential report provides insights into the county's revenues, expenses, assets, liabilities, and overall financial health. It serves as a fundamental tool for budgeting, decision-making, and accountability for both the county government and its residents. Key Contents of Contra Costa County Financial Statement — Simplified: 1. Revenues: This section outlines the county's sources of income, which may include taxes, grants, fees, fines, and other revenue streams. It offers a breakdown of revenue categories, such as property taxes, sales taxes, and intergovernmental revenues. 2. Expenses: This segment portrays the county's expenditures. It itemizes the costs incurred in delivering public services, such as salaries, benefits, supplies, maintenance, debt service, and program-specific expenses. The expenses are generally categorized on a functional basis, such as public safety, health services, infrastructure, and administration. 3. Assets: Here, the county enumerates its tangible and intangible resources with economic value. Common assets include cash and cash equivalents, investments, buildings, vehicles, and equipment. It allows readers to understand the county's available resources for future initiatives and service delivery. 4. Liabilities: This section captures the outstanding obligations or debts of the county. It may encompass long-term debts, short-term obligations, pension liabilities, and accounts payable. The disclosure of liabilities is crucial to evaluate the county's financial obligations and ensure transparency. 5. Fund Balance: The fund balance represents the difference between the county's assets and liabilities. It expresses the overall financial position and indicates the extent to which the county can meet its financial commitments. A positive fund balance implies financial stability, while a negative balance may indicate financial stress. Different Types of Contra Costa County Financial Statements — Simplified: 1. Annual Financial Statement: This comprehensive financial report is prepared annually and summarizes the county's financial performance for a specific fiscal year. It provides a holistic view of the county's financial activities, including revenues, expenditures, assets, liabilities, fund balances, and cash flows. 2. Interim Financial Statement: Interim financial statements cover a shorter time period, usually a quarter or half of a fiscal year. They offer an overview of the county's financial position during that particular period, allowing for monitoring and assessment of ongoing financial activities. 3. Special Financial Statements: Occasionally, Contra Costa County may prepare specific financial statements tailored to address unique circumstances or initiatives. These could include project-specific financial statements, grant-based financial reports, or financial statements related to specific county departments or initiatives. In conclusion, a Contra Costa County Financial Statement — Simplified provides a condensed but meaningful representation of the county's financial condition, revenues, expenses, assets, liabilities, and fund balances. By understanding and analyzing this statement, both the county government and residents can make informed decisions, assess financial performance, and ensure transparency in the management of public resources.