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SOURCES AND USES Dec 1, 2017Mistletoe StationConstruction Period Financing ParticipantsFunding Description Loan/Equity AmountDebtPerm Lender City of Fort Worth Multifamily Direct Loan Mortgage Revenue

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How to fill out sources and uses

01

To fill out sources and uses, you need to follow these steps:

02

Gather all relevant financial information: Start by collecting all the necessary financial data related to your project or business.

03

Identify sources of funds: Determine where the money for your project or business will come from. This can include loans, investments, grants, or personal funds.

04

Break down sources: Categorize the sources of funds according to type and amount. For example, you may have $100,000 from investors and $50,000 from personal savings.

05

Determine uses of funds: Identify how the money will be used, such as purchasing equipment, hiring staff, or covering operational expenses. Break down the expenses into specific categories.

06

Allocate funds: Assign the amounts from the sources to the corresponding uses. Ensure that the total funds allocated match the total funds available.

07

Review and validate: Double-check your sources and uses statement to ensure accuracy and completeness.

08

Update regularly: As your project or business progresses, update the sources and uses statement to reflect any changes in funding or expenses. This will help you track the financial status of your endeavor.

Who needs sources and uses?

01

Anyone involved in a project or business that requires financial planning may need sources and uses. This includes entrepreneurs, business owners, project managers, investors, and financial analysts. Sources and uses provide a clear understanding of where the money is coming from and how it will be utilized, helping stakeholders make informed decisions and monitor the financial health of the endeavor.

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What is sources and uses?

Sources and uses refers to a financial statement that outlines where a company's money comes from (sources) and how it is spent (uses).

Who is required to file sources and uses?

Companies and organizations in certain industries, such as real estate development, are typically required to file sources and uses.

How to fill out sources and uses?

To fill out sources and uses, one must list all sources of funds and how they are used, providing a clear breakdown of financial activities.

What is the purpose of sources and uses?

The purpose of sources and uses is to provide transparency and accountability in financial management, showing stakeholders where funds are sourced and how they are utilized.

What information must be reported on sources and uses?

Information such as funding sources, project costs, and allocation of expenses must be reported on sources and uses.

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