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PLANNING ADVISORY COMMITTEE MINUTES Tuesday, June 13, 2023 | 4:00pm Maureen Room | Civic Center MEMBERS PRESENT Harold Fleet | Keith Hopkins | Timeshare Mark Ebert | Peter Humbly | Terry Dismembers
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The SAC report, or Standardized Accounting Report, is a financial report submitted to a regulatory commission that provides a detailed overview of an organization's financial activities.
Organizations that fall under the jurisdiction of the commission, typically including financial institutions and certain non-profits, are required to file the SAC report.
Filling out the SAC report involves following the provided guidelines and templates from the commission, detailing financial activities, and ensuring all data is accurate and complete.
The purpose of the SAC report is to provide transparency and accountability in financial reporting, helping the commission to monitor compliance and assess the financial health of organizations.
The SAC report must include information such as income, expenditures, assets, liabilities, and other relevant financial data as specified by the commission.
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