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City of Grass Valley City Council Agenda Action SheetCouncil Meeting Date March 13, 2018Prepared Thomas Last, Community Development Director Title:Consideration to enter into a Voluntary Cleanup Agreement(VIA) with

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What is prepared bv?

Prepared BV refers to the financial statement consisting of a balance sheet, income statement, and accompanying notes that are prepared by an entity.

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Entities such as corporations, partnerships, and limited liability companies are typically required to file a prepared BV.

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What is the purpose of prepared bv?

The purpose of prepared BV is to provide stakeholders with an overview of the financial position and performance of an entity.

What information must be reported on prepared bv?

Information such as assets, liabilities, equity, revenue, expenses, and notes to the financial statements must be reported on prepared BV.