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.
The Jurupa Valley California Financial Statement, also known as EJ-165, is a comprehensive document that provides an in-depth analysis of the financial position and performance of the jurisdiction. It serves as a valuable resource for government officials, stakeholders, and residents to understand the financial health and fiscal management of Jurupa Valley, California. The financial statement follows generally accepted accounting principles (GAAP) and provides a clear and accurate representation of revenues, expenditures, assets, liabilities, and fund balances. It encompasses various elements such as the balance sheet, income statement, cash flow statement, and accompanying footnotes. The Jurupa Valley California Financial Statement — same as EJ-165 offers a detailed breakdown of the jurisdiction's revenue sources, including taxes, grants, fees, and other inflows. This section highlights the municipality's ability to generate income and its dependency on external funding. Moreover, the expenditure portion of the statement outlines the allocation of funds to various departments, programs, and public services. It enables readers to identify the areas that consume the majority of the budget, such as public safety, infrastructure development, education, healthcare, and social services. The balance sheet provides a snapshot of Jurupa Valley's financial position at a given point in time, depicting its assets (both liquid and fixed), liabilities, and fund balances. It serves as an indicator of the jurisdiction's overall financial solvency and ability to meet its obligations. Additionally, the income statement presents the revenue and expense details over a specific period, typically a fiscal year. It highlights the total revenue generated and the total expenses incurred, ultimately deriving the net income or loss for the jurisdiction. This statement is crucial in evaluating the fiscal performance and identifying any areas that require adjustments for better financial outcomes. The cash flow statement outlines the inflows and outflows of cash throughout the fiscal year. It categorizes cash activities into operating, investing, and financing activities. This statement provides insights into the jurisdiction's ability to generate and manage cash, which is vital for sustaining operations and investing in future growth. Accompanying footnotes further enhance the Jurupa Valley California Financial Statement — same as EJ-165 by providing additional explanations, clarifications, and disclosures. These footnotes offer essential context and background information, ensuring a comprehensive understanding of the financial data presented. It is important to note that while EJ-165 is the standard financial statement used for Jurupa Valley, California, there may be variations or updates to the document based on specific reporting requirements, regulations, or accounting changes. These updates might include revisions to presentation formats, disclosure requirements, or incorporation of additional financial indicators tailored to Jurupa Valley's unique circumstances. However, the core content of the financial statement remains consistent in assessing the jurisdiction's financial health and stewardship.The Jurupa Valley California Financial Statement, also known as EJ-165, is a comprehensive document that provides an in-depth analysis of the financial position and performance of the jurisdiction. It serves as a valuable resource for government officials, stakeholders, and residents to understand the financial health and fiscal management of Jurupa Valley, California. The financial statement follows generally accepted accounting principles (GAAP) and provides a clear and accurate representation of revenues, expenditures, assets, liabilities, and fund balances. It encompasses various elements such as the balance sheet, income statement, cash flow statement, and accompanying footnotes. The Jurupa Valley California Financial Statement — same as EJ-165 offers a detailed breakdown of the jurisdiction's revenue sources, including taxes, grants, fees, and other inflows. This section highlights the municipality's ability to generate income and its dependency on external funding. Moreover, the expenditure portion of the statement outlines the allocation of funds to various departments, programs, and public services. It enables readers to identify the areas that consume the majority of the budget, such as public safety, infrastructure development, education, healthcare, and social services. The balance sheet provides a snapshot of Jurupa Valley's financial position at a given point in time, depicting its assets (both liquid and fixed), liabilities, and fund balances. It serves as an indicator of the jurisdiction's overall financial solvency and ability to meet its obligations. Additionally, the income statement presents the revenue and expense details over a specific period, typically a fiscal year. It highlights the total revenue generated and the total expenses incurred, ultimately deriving the net income or loss for the jurisdiction. This statement is crucial in evaluating the fiscal performance and identifying any areas that require adjustments for better financial outcomes. The cash flow statement outlines the inflows and outflows of cash throughout the fiscal year. It categorizes cash activities into operating, investing, and financing activities. This statement provides insights into the jurisdiction's ability to generate and manage cash, which is vital for sustaining operations and investing in future growth. Accompanying footnotes further enhance the Jurupa Valley California Financial Statement — same as EJ-165 by providing additional explanations, clarifications, and disclosures. These footnotes offer essential context and background information, ensuring a comprehensive understanding of the financial data presented. It is important to note that while EJ-165 is the standard financial statement used for Jurupa Valley, California, there may be variations or updates to the document based on specific reporting requirements, regulations, or accounting changes. These updates might include revisions to presentation formats, disclosure requirements, or incorporation of additional financial indicators tailored to Jurupa Valley's unique circumstances. However, the core content of the financial statement remains consistent in assessing the jurisdiction's financial health and stewardship.
