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This document is a financial disclosure form required for public officials and candidates in San Antonio, which supplements the Personal Financial Statement mandated under the Local Government Code.
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How to fill out personal financial statement addendum
How to fill out Personal Financial Statement Addendum
01
Begin by entering your name and contact information at the top of the form.
02
Provide details about your assets, including cash, real estate, vehicles, and investments.
03
List your liabilities, such as mortgages, loans, and credit card debts.
04
Calculate your net worth by subtracting total liabilities from total assets.
05
Include any additional financial information or comments that may be relevant.
06
Review the completed document for accuracy and completeness.
07
Sign and date the addendum at the bottom before submission.
Who needs Personal Financial Statement Addendum?
01
Individuals applying for loans or mortgages.
02
Business owners seeking funding or investment.
03
People undergoing financial assessments for legal or financial obligations.
04
Anyone providing a comprehensive view of their financial situation to lenders or financial institutions.
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How do you write a personal financial statement?
List your assets: Identify and value all your assets using current market values for investments and real estate. List your liabilities: Include all your debts, noting the remaining balances and interest rates. Calculate your net worth: Subtract your total liabilities from your assets to determine your net worth.
How to write a personal financial statement?
List your assets: Identify and value all your assets using current market values for investments and real estate. List your liabilities: Include all your debts, noting the remaining balances and interest rates. Calculate your net worth: Subtract your total liabilities from your assets to determine your net worth.
What are the 5 basic financial statements with examples?
The 5 types of financial statements you need to know Income statement. Arguably the most important. Cash flow statement. Balance sheet. Note to Financial Statements. Statement of change in equity.
What is included in a PFS?
A personal financial statement (PFS) is for organizing and measuring an individual's or family's financial status. The PFS has two chief sections: a cashflow assessment of income and outflows , as well as a balance sheet which displays one's overall assets, liabilities, and overall net worth.
What is a PFS document?
When it comes to long-term financial planning, preparing a Personal Financial Statement (PFS) is one of the best ways to assess your current situation and keep yourself on track to meet goals. The PFS is a relatively simple document that lists what you own (assets) and what you owe (liabilities).
What is an example of a financial statement?
The income statement, balance sheet, and statement of cash flows are all required financial statements. These three statements are informative tools that traders can use to analyze a company's financial strength and provide a quick picture of a company's financial health and underlying value.
How do you write a simple financial statement?
How to prepare an income statement Choose your reporting period. First, choose the length of your reporting period. Determine your trial balance. Determine revenue. Calculate the cost of goods sold. Determine gross profit. Determine expenses. Calculate total income. Determine taxes and interest.
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What is Personal Financial Statement Addendum?
A Personal Financial Statement Addendum is a supplementary document that provides additional details or updates to a personal financial statement, typically requested by lenders or financial institutions.
Who is required to file Personal Financial Statement Addendum?
Individuals applying for loans, credit, or other financial transactions that require a detailed assessment of their financial status are often required to file a Personal Financial Statement Addendum.
How to fill out Personal Financial Statement Addendum?
To fill out a Personal Financial Statement Addendum, individuals need to provide comprehensive information about their assets, liabilities, income, and expenses, ensuring all figures are accurate and reflective of their current financial situation.
What is the purpose of Personal Financial Statement Addendum?
The purpose of a Personal Financial Statement Addendum is to provide a clearer picture of an individual's financial health, enhancing the credibility of the standard financial statement and helping lenders in their decision-making process.
What information must be reported on Personal Financial Statement Addendum?
The information that must be reported includes personal income sources, detailed asset valuations, outstanding debts, monthly expenses, and any significant financial obligations that may affect creditworthiness.
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