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 San Jose California Financial Statement, also known as EJ-165, is a comprehensive document that provides a detailed overview of the financial position and performance of the city of San Jose, California. This statement is crucial for assessing the fiscal health and stability of the city and is often used by various stakeholders such as government officials, investors, lenders, and residents. The San Jose California Financial Statement includes various sections and components that present a thorough analysis of the city's financial activities. The statement typically consist of the following sections: 1. Balance Sheet: This section presents a snapshot of the city's financial position at a specific point in time. It includes a summary of the city's assets, liabilities, and equity. Assets may include cash, investments, properties, and infrastructure, while liabilities encompass debts, loans, and other financial obligations. 2. Income statement: Also known as the statement of revenues, expenses, and changes in fund balance, this section provides an overview of the city's financial activities over a specific period, usually a fiscal year. It encompasses the city's revenues from taxes, fees, grants, and other sources, as well as its expenditures, such as employee salaries, public services, infrastructure development, and debt payments. 3. Statement of Cash Flows: This section details the sources and uses of cash within the city during a specified period. It highlights the cash flow from operating activities, investing activities (such as buying or selling properties), and financing activities (such as borrowing or repaying debts). 4. Notes to Financial Statements: These are additional explanations and disclosures that provide further details and context to the financial statements. It includes information on accounting policies, contingencies, pensions, and long-term debt. The San Jose California Financial Statement — same as EJ-165 may also include various supplementary schedules and reports, such as: 1. Fund Financial Statements: These statements report the financial activities of specific funds, such as the general fund, special revenue funds, capital projects funds, and other governmental or proprietary funds. 2. Management's Discussion and Analysis: This section provides an analysis and interpretation of the financial statements by the city's management. It offers insights into the financial trends, challenges, and significant events that may affect the city's financial future. 3. Statistical Reconciliation: A section that reconciles the differences between the governmental activities and the full accrual basis of accounting employed in the financial statements. The San Jose California Financial Statement — same as EJ-165 is issued annually and must adhere to Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GAS) guidelines. It serves as a crucial tool for decision-making, future financial planning, and transparency in the management of San Jose's public finances.
