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This document is a financial and statistical report required for long-term care facilities in Illinois, outlining the fiscal year 2022 financial operations, including revenues, expenses, and asset management. It includes detailed information on costs, ownership, staffing, and services provided by the facility.
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01
Gather all relevant financial documents, including income statements, balance sheets, and cash flow statements.
02
Review the reporting period and ensure all transactions for that time are included.
03
Organize the data into categories such as revenue, expenses, assets, and liabilities.
04
Input the collected data into the appropriate sections of the financial report template.
05
Calculate any necessary financial ratios or metrics needed for analysis.
06
Write a summary of the financial performance highlighting key findings and trends.
07
Cross-check the report for accuracy and completeness.
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Submit the report to the relevant stakeholders for review.

Who needs financial and statistical report?

01
Business owners and management for decision-making.
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Investors for assessing the company's profitability and financial health.
03
Financial analysts for performing industry comparisons.
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Regulatory authorities for compliance purposes.
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Lenders and creditors for evaluating loan applications.
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A financial and statistical report is a document that summarizes the financial performance and operational statistics of an organization over a specific period, providing insights into its financial health and operational efficiency.
Typically, businesses and organizations that meet certain revenue thresholds or are regulated by governmental agencies are required to file financial and statistical reports.
To fill out a financial and statistical report, gather all necessary financial records, follow the provided format and guidelines, complete each section accurately, and ensure all figures are properly calculated before submission.
The purpose of a financial and statistical report is to provide stakeholders with a clear understanding of an organization's financial position, performance trends, and operational metrics to aid in decision-making.
Information typically included in a financial and statistical report includes revenue, expenses, net income, assets and liabilities, key performance indicators, and operational statistics pertinent to the organization's activities.
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