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Explore the comprehensive financial statements of Norfolk General Hospital for the year ended March 31, 2024, including management\'s responsibility and independent auditor\'s opinion.
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Financial statements of Norfolk are formal records of the financial activities and position of the city, including its income, expenses, assets, and liabilities.
Typically, the city's financial department is responsible for filing the financial statements, which may also include departments handling specific funds or utilities.
To fill out the financial statements of Norfolk, one needs to gather financial data, include necessary schedules, complete the required forms, and ensure compliance with accounting standards.
The purpose of financial statements of Norfolk is to provide transparency and accountability regarding the city's financial health, and to inform citizens, government officials, and other stakeholders about financial performance.
Financial statements must report information on revenues, expenditures, net position, assets, liabilities, and any other relevant financial data as required by law.
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