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.
Daly City California Financial Statement — Simplified The Daly City California Financial Statement — Simplified provides a comprehensive view of the financial health and performance of Daly City, a city located in San Mateo County, California. This simplified financial statement aims to present crucial financial information in a concise and user-friendly manner. It offers citizens, stakeholders, and potential investors an overview of the city's financial status, including revenue, expenditure, assets, and liabilities. The primary types of Daly City California Financial Statement — Simplified include the following: 1. Income Statement: This financial statement focuses on the city's revenues, expenses, and net income over a specific period. It summarizes the sources of income such as taxes, licenses, permits, grants, and intergovernmental aid. The income statement also outlines various expenses, including personnel costs, infrastructure maintenance, debt service, and other operating expenditures. 2. Balance Sheet: The balance sheet provides a snapshot of the city's financial position at a specific point in time. It highlights the city's assets (both current and long-term) such as cash and cash equivalents, investments, property, and infrastructure. Additionally, it outlines the city's liabilities, including debt obligations, accounts payable, and accrued expenses. 3. Cash Flow Statement: This statement captures the inflow and outflow of cash and cash equivalents during a given period. It showcases the city's cash generated from operations, such as tax collections and other revenues, as well as its cash used for various activities, such as infrastructure development, debt repayment, and operating expenses. The cash flow statement provides insights into the city's ability to manage its cash resources efficiently. 4. Statement of Fund Balances: This statement focuses on government funds and presents the balances available in each fund, such as the general fund, special revenue funds, capital projects funds, debt service funds, and enterprise funds. It highlights the fund balances at the beginning and end of the period, fund revenues, and expenditures, providing a summary of the financial activity within each fund. These simplified financial statements adhere to generally accepted accounting principles (GAAP) and assist in enhancing transparency and accountability. By presenting information in a user-friendly format, the Daly City California Financial Statement — Simplified ensures that residents, businesses, and investors can easily comprehend and analyze the city's financial performance, making informed decisions regarding investment, economic growth, and public policy.Daly City California Financial Statement — Simplified The Daly City California Financial Statement — Simplified provides a comprehensive view of the financial health and performance of Daly City, a city located in San Mateo County, California. This simplified financial statement aims to present crucial financial information in a concise and user-friendly manner. It offers citizens, stakeholders, and potential investors an overview of the city's financial status, including revenue, expenditure, assets, and liabilities. The primary types of Daly City California Financial Statement — Simplified include the following: 1. Income Statement: This financial statement focuses on the city's revenues, expenses, and net income over a specific period. It summarizes the sources of income such as taxes, licenses, permits, grants, and intergovernmental aid. The income statement also outlines various expenses, including personnel costs, infrastructure maintenance, debt service, and other operating expenditures. 2. Balance Sheet: The balance sheet provides a snapshot of the city's financial position at a specific point in time. It highlights the city's assets (both current and long-term) such as cash and cash equivalents, investments, property, and infrastructure. Additionally, it outlines the city's liabilities, including debt obligations, accounts payable, and accrued expenses. 3. Cash Flow Statement: This statement captures the inflow and outflow of cash and cash equivalents during a given period. It showcases the city's cash generated from operations, such as tax collections and other revenues, as well as its cash used for various activities, such as infrastructure development, debt repayment, and operating expenses. The cash flow statement provides insights into the city's ability to manage its cash resources efficiently. 4. Statement of Fund Balances: This statement focuses on government funds and presents the balances available in each fund, such as the general fund, special revenue funds, capital projects funds, debt service funds, and enterprise funds. It highlights the fund balances at the beginning and end of the period, fund revenues, and expenditures, providing a summary of the financial activity within each fund. These simplified financial statements adhere to generally accepted accounting principles (GAAP) and assist in enhancing transparency and accountability. By presenting information in a user-friendly format, the Daly City California Financial Statement — Simplified ensures that residents, businesses, and investors can easily comprehend and analyze the city's financial performance, making informed decisions regarding investment, economic growth, and public policy.
