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.
Escondido California Cash Assets on Hand at End of Account Period-Standard and Simplified Accounts refer to the amount of cash and cash equivalents that the City of Escondido in California holds at the end of a specific accounting period. Both standard and simplified accounts determine and disclose the financial resources available as liquid assets to the city. These cash assets on hand serve as a critical measure of the city's financial stability and liquidity, enabling it to meet its immediate and short-term obligations promptly. It also reflects the city's ability to manage its finances successfully. The types of Escondido California Cash Assets on Hand at End of Account Period-Standard and Simplified Accounts may include: 1. Cash in Hand: This category represents the physical currency, coins, and checks received by the city during the accounting period but not yet deposited into the bank account. 2. Cash in Bank: This category accounts for the funds held in various bank accounts owned and operated by the City of Escondido. These can include checking accounts, savings accounts, and other interest-bearing accounts. 3. Petty Cash: This category refers to a small amount of cash that is kept on hand within the city's premises to cover minor expenses, such as office supplies, small purchases, or employee reimbursements. 4. Cash Equivalents: In addition to physical cash, the city may also hold cash equivalents that can be quickly converted into cash without any significant loss in value. Cash equivalents include highly liquid investments with short-term maturities, such as money market funds, Treasury bills, or certificates of deposit. It is important to note that the specific types and categorizations of cash assets may vary depending on the city's accounting practices, regulations, and individual financial circumstances. However, these commonly mentioned types provide a general idea of the different cash assets on hand for the Escondido California Cash Assets on Hand at End of Account Period-Standard and Simplified Accounts.Escondido California Cash Assets on Hand at End of Account Period-Standard and Simplified Accounts refer to the amount of cash and cash equivalents that the City of Escondido in California holds at the end of a specific accounting period. Both standard and simplified accounts determine and disclose the financial resources available as liquid assets to the city. These cash assets on hand serve as a critical measure of the city's financial stability and liquidity, enabling it to meet its immediate and short-term obligations promptly. It also reflects the city's ability to manage its finances successfully. The types of Escondido California Cash Assets on Hand at End of Account Period-Standard and Simplified Accounts may include: 1. Cash in Hand: This category represents the physical currency, coins, and checks received by the city during the accounting period but not yet deposited into the bank account. 2. Cash in Bank: This category accounts for the funds held in various bank accounts owned and operated by the City of Escondido. These can include checking accounts, savings accounts, and other interest-bearing accounts. 3. Petty Cash: This category refers to a small amount of cash that is kept on hand within the city's premises to cover minor expenses, such as office supplies, small purchases, or employee reimbursements. 4. Cash Equivalents: In addition to physical cash, the city may also hold cash equivalents that can be quickly converted into cash without any significant loss in value. Cash equivalents include highly liquid investments with short-term maturities, such as money market funds, Treasury bills, or certificates of deposit. It is important to note that the specific types and categorizations of cash assets may vary depending on the city's accounting practices, regulations, and individual financial circumstances. However, these commonly mentioned types provide a general idea of the different cash assets on hand for the Escondido California Cash Assets on Hand at End of Account Period-Standard and Simplified Accounts.
