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BOARD OF EDUCATION OF SCHOOL DISTRICT NO. 36 (SURREY)STATEMENT OF FINANCIAL INFORMATION FOR THE YEAR ENDED JUNE 30, 2018School District Statement of Financial Information (SOFT) Board of Education

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How to fill out statement of financial information

01

Gather all necessary financial documents such as tax returns, bank statements, investment account statements, and any other relevant financial records.

02

Compile all sources of income including salary, bonuses, dividends, interests, and any other sources of revenue.

03

List all assets such as real estate properties, vehicles, investments, and any other valuable possessions.

04

Disclose all liabilities including mortgages, loans, credit card debts, and any other outstanding financial obligations.

05

Calculate the total net worth by subtracting total liabilities from total assets.

06

Complete the statement of financial information form accurately and truthfully with all relevant information.

Who needs statement of financial information?

01

Banks and lending institutions may require a statement of financial information from individuals applying for loans or lines of credit.

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Accountants and financial advisors may use statement of financial information to assess an individual's financial health and provide financial planning recommendations.

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Courts may request a statement of financial information in divorce proceedings or other legal matters related to finances.

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Potential business partners or investors may ask for statement of financial information to assess the financial stability and credibility of a business or individual.

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What is statement of financial information?

A statement of financial information is a document that provides an overview of an individual's or organization's financial status, including assets, liabilities, income, and expenses.

Who is required to file statement of financial information?

Individuals, businesses, or organizations that meet specific income thresholds or regulatory requirements are typically required to file a statement of financial information.

How to fill out statement of financial information?

To fill out a statement of financial information, one must gather all relevant financial documents, enter accurate figures into the required sections, and ensure all information is complete before submission.

What is the purpose of statement of financial information?

The purpose of a statement of financial information is to provide transparency regarding an entity's financial position, aid in decision making, and ensure compliance with regulatory requirements.

What information must be reported on statement of financial information?

The statement typically requires reporting on assets, liabilities, equity, income, expenses, and any other relevant financial details that give a clear picture of the financial situation.

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