Get the free Statement of Financial Information 2019 - City of Surrey

SURREY PUBLIC LIBRARYSTATEMENT OF FINANCIAL INFORMATION Year Ended December 31, 2019(In Compliance with the Public Bodies Financial Information Act Statutes of British Columbia, Chapter 140)Surrey

How to fill out statement of financial information

How to fill out statement of financial information

1. Begin by gathering all relevant financial documents such as bank statements, investment statements, and tax returns.
2. Create a table or spreadsheet with categories such as income, expenses, assets, and liabilities.
3. Fill out the income section by listing all sources of income such as salary, bonuses, rental income, etc.
4. Move on to the expenses section and list all regular monthly expenses such as rent/mortgage, utilities, transportation costs, etc.
5. In the assets section, list all your assets such as property, investments, vehicles, etc. Include their estimated values.
6. In the liabilities section, list all your debts such as loans, credit card balances, etc. Include the outstanding amounts.
7. Calculate your net worth by subtracting your liabilities from your assets.
8. Review and double-check all the information you have entered to ensure accuracy.
9. Sign and date the statement of financial information to certify its accuracy.
10. Submit the completed statement of financial information to the relevant party or institution.

Who needs statement of financial information?

1. Statement of financial information is needed by individuals and organizations for various purposes:
2. - Individuals might need it for loan applications, mortgage applications, or as part of a divorce settlement.
3. - Financial institutions require it to assess the creditworthiness of loan applicants.
4. - Insurance companies may request it to determine premiums and coverage limits.
5. - Government agencies may require it for tax purposes or to determine eligibility for certain social assistance programs.
6. - Investors and shareholders may need it to evaluate the financial health and performance of a company.

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What is statement of financial information?

The statement of financial information is a document that provides a summary of an individual or organization's financial status.

Who is required to file statement of financial information?

Certain individuals and organizations, such as those involved in legal proceedings or those applying for loans, may be required to file a statement of financial information.

How to fill out statement of financial information?

The statement of financial information can usually be filled out by providing details about assets, liabilities, income, and expenses.

What is the purpose of statement of financial information?

The purpose of a statement of financial information is to provide a clear picture of an individual or organization's financial situation.

What information must be reported on statement of financial information?

Information such as assets, liabilities, income, expenses, and possibly other financial details may need to be reported on a statement of financial information.