Financial Statement - same as EJ-165: A Financial Statement is completed and signed by the Employee, as well as his/her Spouse. It states the wages he/she receives, as well as the cost for his/her needed expenditures.
Garden Grove California Financial Statement, also known as EJ-165, is a comprehensive document that provides an overview of the financial condition and performance of Garden Grove, California. This statement is crucial for anyone interested in analyzing the city's fiscal health, budgeting, and decision-making processes. The Garden Grove California Financial Statement — same as EJ-165 provides a detailed breakdown of the city's revenues, expenditures, assets, liabilities, and fund balances. It presents a complete picture of the city's financial activities, enabling stakeholders to assess its financial stability, manage risks, and make informed decisions. Key components covered in the Garden Grove California Financial Statement — same as EJ-165 include the general fund, special revenue funds, debt service funds, capital projects funds, enterprise funds, internal service funds, trust and agency funds, and fiduciary funds. These categories represent different funds and accounts where Garden Grove manages its financial resources. The general fund is the primary operating fund and covers most of the city's day-to-day expenses. Special revenue funds are used to account for specific revenue sources, such as grants or voter-approved taxes, that must be spent on designated projects or services. Debt service funds are responsible for the repayment of the city's debt obligations. Capital projects funds are utilized for major infrastructure improvements or construction projects. Enterprise funds track the financial activities of self-supporting services like water utilities, parking facilities, or golf courses. Internal service funds manage the financing of services provided by government departments to other departments or external entities. Trust and agency funds are used to manage assets held by the city as a trustee or fiscal agent on behalf of others. Fiduciary funds account for resources held by the city but are not available for its own activities. These may include pension funds, investments, or charitable endowments. Garden Grove California Financial Statement — same as EJ-165 adheres to generally accepted accounting principles (GAAP) and ensures transparency and accountability in the city's financial reporting. It provides a comprehensive view of the city's financial position, its ability to meet financial obligations, and the efficient utilization of resources. Stakeholders, including residents, government officials, financial analysts, investors, and creditors, rely on the Garden Grove California Financial Statement — same as EJ-165 to assess the city's financial health, identify trends, evaluate the effectiveness of budgetary plans, and support data-driven decision-making. In conclusion, the Garden Grove California Financial Statement — same as EJ-165 is a vital tool for understanding the financial standing of Garden Grove, California. By providing detailed information about revenues, expenditures, assets, liabilities, and fund balances, this statement enables stakeholders to make informed decisions, monitor financial progress, and ensure the city's fiscal sustainability.
