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CITY OF MADERACONSOLIDATED AND ACTION PLANS2015/2016 INFORMATION GUIDE 205 West Fourth Street Madera, CA 93637 (559) 6613693 Page 1of 12INTRODUCTION The City of Madera is pleased to present this Information
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Consolidated and refers to a financial statement that combines the financial results of multiple entities within a group.
Companies that have subsidiaries or other related entities that meet specific criteria are required to file consolidated financial statements.
Consolidated financial statements are typically prepared by combining the individual financial statements of each entity within the group.
The purpose of consolidated financial statements is to provide a comprehensive view of the financial performance and position of the entire group, rather than just individual entities.
Consolidated financial statements must include the financial results of all entities within the group, as well as any intercompany transactions or balances.
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