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.
Contra Costa California Non-Cash Assets on Hand at Beginning of Account Period-Standard and Simplified Accounts Non-cash assets play a significant role in the financial accounting of any business or organization. Contra Costa County, located in California, also maintains its accounting records in regard to non-cash assets at the beginning of an account period. These assets, both in standard and simplified accounts, offer valuable resources that contribute to the county's overall financial stability and functionality. 1. Land and Buildings: The county may possess various parcels of land and buildings that are held as non-cash assets. These assets can include administrative offices, public buildings, parks, or other infrastructure owned by Contra Costa County. Each property holds a specific value that is recognized in the accounts, contributing to the overall balance of non-cash assets. 2. Furniture and Equipment: Non-cash assets in the form of furniture and equipment are crucial for the daily operations of the county. These include office furniture, computers, printers, vehicles, machinery, and other capital assets utilized by county employees. Such assets are accounted for at their original cost and may undergo periodic depreciation, reflecting their diminishing value over time. 3. Infrastructure and Improvements: In addition to land and buildings, Contra Costa County also possesses non-cash assets in the form of infrastructure and improvements. This encompasses transportation systems, roads, bridges, sidewalks, drainage systems, water supply networks, and other elements that contribute to the overall development and maintenance of the county. 4. Library and Educational Resources: Contra Costa County values its library and educational resources as vital non-cash assets. These resources include books, periodicals, digital databases, educational software, and other materials acquired for the benefit of county residents. The county ensures the proper accounting and maintenance of these assets to support continued educational development within the community. 5. Parks and Recreation Facilities: Parks and recreation facilities are also considered non-cash assets for Contra Costa County. These assets encompass public parks, sports fields, community centers, playgrounds, swimming pools, and other recreational spaces. Their sincere value lies in enhancing the quality of life for county residents and promoting a healthy, active lifestyle. It is important to note that the accounting of non-cash assets may differ between standard and simplified accounts. Standard accounts follow the generally accepted accounting principles (GAAP) and provide a more comprehensive view of the county's financial position. Simplified accounts, on the other hand, may adopt simpler accounting methods, tailored to meet the specific needs and limitations of certain departments or divisions within the county. In conclusion, Contra Costa County, California, possesses a range of non-cash assets at the beginning of an account period. These valuable resources, including land and buildings, furniture and equipment, infrastructure and improvements, library and educational resources, and parks and recreation facilities, contribute to the county's overall financial stability and support its essential functions and services. Managing and accounting for these assets is crucial to ensure proper resource allocation and maintain the county's high standards of public service.Contra Costa California Non-Cash Assets on Hand at Beginning of Account Period-Standard and Simplified Accounts Non-cash assets play a significant role in the financial accounting of any business or organization. Contra Costa County, located in California, also maintains its accounting records in regard to non-cash assets at the beginning of an account period. These assets, both in standard and simplified accounts, offer valuable resources that contribute to the county's overall financial stability and functionality. 1. Land and Buildings: The county may possess various parcels of land and buildings that are held as non-cash assets. These assets can include administrative offices, public buildings, parks, or other infrastructure owned by Contra Costa County. Each property holds a specific value that is recognized in the accounts, contributing to the overall balance of non-cash assets. 2. Furniture and Equipment: Non-cash assets in the form of furniture and equipment are crucial for the daily operations of the county. These include office furniture, computers, printers, vehicles, machinery, and other capital assets utilized by county employees. Such assets are accounted for at their original cost and may undergo periodic depreciation, reflecting their diminishing value over time. 3. Infrastructure and Improvements: In addition to land and buildings, Contra Costa County also possesses non-cash assets in the form of infrastructure and improvements. This encompasses transportation systems, roads, bridges, sidewalks, drainage systems, water supply networks, and other elements that contribute to the overall development and maintenance of the county. 4. Library and Educational Resources: Contra Costa County values its library and educational resources as vital non-cash assets. These resources include books, periodicals, digital databases, educational software, and other materials acquired for the benefit of county residents. The county ensures the proper accounting and maintenance of these assets to support continued educational development within the community. 5. Parks and Recreation Facilities: Parks and recreation facilities are also considered non-cash assets for Contra Costa County. These assets encompass public parks, sports fields, community centers, playgrounds, swimming pools, and other recreational spaces. Their sincere value lies in enhancing the quality of life for county residents and promoting a healthy, active lifestyle. It is important to note that the accounting of non-cash assets may differ between standard and simplified accounts. Standard accounts follow the generally accepted accounting principles (GAAP) and provide a more comprehensive view of the county's financial position. Simplified accounts, on the other hand, may adopt simpler accounting methods, tailored to meet the specific needs and limitations of certain departments or divisions within the county. In conclusion, Contra Costa County, California, possesses a range of non-cash assets at the beginning of an account period. These valuable resources, including land and buildings, furniture and equipment, infrastructure and improvements, library and educational resources, and parks and recreation facilities, contribute to the county's overall financial stability and support its essential functions and services. Managing and accounting for these assets is crucial to ensure proper resource allocation and maintain the county's high standards of public service.
