This form is an official California Judicial Council form which complies with all applicable state codes and statutes. USLF updates all state forms as is required by state statutes and law.
Antioch California Non-Cash Assets on Hand at End of Account Period-Standard and Simplified Accounts refer to the tangible and intangible assets that the city of Antioch, California holds at the end of a specific accounting period. These assets are categorized as non-cash because they cannot be readily converted into cash. It is important for businesses and organizations, including the city, to accurately record and track these assets for financial reporting purposes. In Antioch, California, the Non-Cash Assets on Hand at End of Account Period can include various categories, such as: 1. Property, Plant, and Equipment: This category comprises physical assets owned by the city, including land, buildings, vehicles, machinery, and infrastructure like roads, bridges, and parks. These assets are used in the provision of public services and are subject to depreciation over their useful lives. 2. Investments: Antioch, California may hold investments in stocks, bonds, or other securities to generate investment income or create reserves for future use. These investments are generally long-term holdings and are recorded at fair market value as of the account period end. 3. Intangible Assets: Non-physical assets that provide value to the city but lack a physical presence. Examples may include patents, copyrights, trademarks, software licenses, and goodwill. Intangible assets are recorded at their fair value and are subject to amortization over their useful lives. 4. Deferred Charges: These represent prepaid expenses or costs incurred in a prior period that have not yet been recognized as expenses or used up. They are carried forward to future periods until consumed, e.g., prepaid insurance premiums or prepaid rent. 5. Other Non-Cash Assets: This category encompasses various non-cash items that do not fall directly under the above categories. It may include items like non-cash donations, long-term receivables, or restricted funds held for specific purposes. For both Standard and Simplified Accounts, the Antioch city's financial statements will report the values of these non-cash assets separately. The Standard Accounts typically provide more detailed information and require a comprehensive analysis of each asset category. In contrast, the Simplified Accounts may aggregate some categories to present a condensed overview of the city's non-cash assets. Accurate recording and documentation of Antioch California Non-Cash Assets on Hand at End of Account Period-Standard and Simplified Accounts are crucial for the city's financial management and decision-making processes. Monitoring these assets aids in evaluating the city's overall financial health, assessing investment strategies, and ensuring compliance with accounting standards and regulations.Antioch California Non-Cash Assets on Hand at End of Account Period-Standard and Simplified Accounts refer to the tangible and intangible assets that the city of Antioch, California holds at the end of a specific accounting period. These assets are categorized as non-cash because they cannot be readily converted into cash. It is important for businesses and organizations, including the city, to accurately record and track these assets for financial reporting purposes. In Antioch, California, the Non-Cash Assets on Hand at End of Account Period can include various categories, such as: 1. Property, Plant, and Equipment: This category comprises physical assets owned by the city, including land, buildings, vehicles, machinery, and infrastructure like roads, bridges, and parks. These assets are used in the provision of public services and are subject to depreciation over their useful lives. 2. Investments: Antioch, California may hold investments in stocks, bonds, or other securities to generate investment income or create reserves for future use. These investments are generally long-term holdings and are recorded at fair market value as of the account period end. 3. Intangible Assets: Non-physical assets that provide value to the city but lack a physical presence. Examples may include patents, copyrights, trademarks, software licenses, and goodwill. Intangible assets are recorded at their fair value and are subject to amortization over their useful lives. 4. Deferred Charges: These represent prepaid expenses or costs incurred in a prior period that have not yet been recognized as expenses or used up. They are carried forward to future periods until consumed, e.g., prepaid insurance premiums or prepaid rent. 5. Other Non-Cash Assets: This category encompasses various non-cash items that do not fall directly under the above categories. It may include items like non-cash donations, long-term receivables, or restricted funds held for specific purposes. For both Standard and Simplified Accounts, the Antioch city's financial statements will report the values of these non-cash assets separately. The Standard Accounts typically provide more detailed information and require a comprehensive analysis of each asset category. In contrast, the Simplified Accounts may aggregate some categories to present a condensed overview of the city's non-cash assets. Accurate recording and documentation of Antioch California Non-Cash Assets on Hand at End of Account Period-Standard and Simplified Accounts are crucial for the city's financial management and decision-making processes. Monitoring these assets aids in evaluating the city's overall financial health, assessing investment strategies, and ensuring compliance with accounting standards and regulations.
