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This document presents the City of Prince Rupert\'s financial information for the year ended December 31, 2023. It includes the approval of financial statements by management and the council, details of remuneration for elected officials and employees, schedules of grants, suppliers, severance agreements, long-term debt, and consolidated financial statements audited by Vohora LLP.
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01
Gather all necessary financial documents including income statements, expense reports, and bank statements.
02
Start with your personal information, including your name, address, and contact details.
03
List all sources of income for the year, including salary, investments, and other earnings.
04
Itemize your expenses, categorizing them into fixed and variable costs.
05
Calculate your total income and total expenses to determine your net financial position.
06
Include any liabilities, such as loans or credit card debt, to provide a clearer financial picture.
07
Review all entries for accuracy and completeness.
08
Sign and date the statement once you confirm all information is correct.

Who needs 2023 statement of financial?

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Individuals applying for loans or mortgages.
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Self-employed individuals needing to report income for tax purposes.
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A statement of financial information is a document that summarizes an individual's or entity's financial status, including assets, liabilities, income, and expenses.
Typically, individuals in certain positions, such as public officials, candidates for office, or those required by state or federal law, must file a statement of financial information.
To fill out a statement of financial information, one must provide accurate details about income sources, assets, liabilities, and any financial transactions as required by the filing guidelines.
The purpose of a statement of financial information is to provide transparency about an individual’s or entity's financial activities, helping to identify potential conflicts of interest and ensuring accountability.
Information typically reported includes personal income, banking accounts, investment holdings, debts, and any other significant financial interests.
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