Get the free ECONOMIC DISCLOSURE STATEMENT - Chicago - gisapps cityofchicago

ECONOMIC DISCLOSURE STATEMENT Applicant: City Agency Receiving Application: Type of Action Requested: (Every question must be answered. If a question is not applicable, answer with N/A.) 1a. The applicant

How to fill out economic disclosure statement

How to fill out an economic disclosure statement:

1. Gather all necessary financial documents: Before you begin filling out the economic disclosure statement, gather all relevant financial documents such as bank statements, tax returns, investment statements, and any other documentation related to your income, assets, and liabilities.
2. Provide accurate personal information: Begin by providing accurate personal information, including your full name, address, contact details, and any other required information as specified on the form. Make sure to double-check the accuracy of this information before moving on.
3. Detail your sources of income: Indicate all sources of income you receive, including wages, salaries, bonuses, dividends, rental income, and any other sources. Be as specific and accurate as possible, providing the necessary supporting documentation where required.
4. List your assets: Include a comprehensive list of all your assets, such as real estate properties, vehicles, investments, bank accounts, retirement accounts, and any other valuable belongings. Provide accurate valuations and include supporting documentation, if necessary.
5. Disclose your liabilities: Clearly state all your liabilities, such as mortgage loans, car loans, student loans, credit card debts, and any other outstanding debts. Provide accurate figures and supporting documentation, if required.
6. Include joint assets and debts: If you are married or in a domestic partnership, disclose any shared assets or debts. Clearly indicate which items are jointly owned or owed, and provide accurate information and supporting documentation.
7. Review and double-check: Carefully review your completed economic disclosure statement for accuracy and completeness. Make sure all required information has been provided and all supporting documentation is attached, as requested. Errors or omissions could lead to misrepresentations or legal consequences.

Who needs an economic disclosure statement?

1. Individuals going through a divorce: When divorce proceedings occur, one or both parties may be required to fill out an economic disclosure statement. This document helps ensure a fair division of assets and liabilities during the legal process.
2. Applicants for certain financial assistance programs: Some financial assistance programs, such as government student loans or grants, may require applicants to provide an economic disclosure statement. This helps determine eligibility and assess financial need.
3. Businesses or individuals involved in legal disputes: In certain legal disputes, such as lawsuits involving financial matters, an economic disclosure statement may be required. This statement helps provide a clear understanding of each party's financial situation and assists in reaching a fair resolution.

For pdfFiller’s FAQs

What is economic disclosure statement?

An economic disclosure statement is a document that individuals are required to complete in order to disclose their financial interests and potential conflicts of interest.

Who is required to file economic disclosure statement?

Certain public officials, employees, and elected officials may be required to file an economic disclosure statement.

How to fill out economic disclosure statement?

Individuals can fill out an economic disclosure statement by providing information about their financial interests, including assets, income, investments, and liabilities.

What is the purpose of economic disclosure statement?

The purpose of an economic disclosure statement is to increase transparency and accountability by allowing the public to see any potential conflicts of interest.

What information must be reported on economic disclosure statement?

Information that may need to be reported on an economic disclosure statement includes income, assets, investments, business interests, and liabilities.

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