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06-23-2025 Agenda Packet Cc - Regular Meeting
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06-23-2025 Agenda Packet Cc - Regular Meeting
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10/6/2025 10:14:51 AM
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6/20/2025 10:42:15 AM
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Agenda Packet CC
Section
City Council
Subject
work session
Document Date
6/23/2025
Retention Effective Date
6/20/2025
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Overview of the Financial Statements <br />basic financial statements comprise three components: 1) government-wide financial statements, 2) fund financial <br />statements, and 3) notes to the financial statements. This report also contains other supplemental information in addition <br />to the basic financial statements themselves. The following chart shows how the various parts of this annual report are <br />arranged and related to one another: <br />The financial statements also include notes that explain some of the information in the financial statements and provide <br />more detailed data. The statements are followed by a section of combining and individual fund financial statements and <br />schedules that further explains and supports the information in the financial statements. Figure 1 shows how the required <br />parts of this annual report are arranged and relate to one another. In addition to these required elements, we have <br />included a section with combining and individual fund financial statements and schedules that provide details about <br />nonmajor governmental funds, which are added together and presented in single columns in the basic financial <br />statements. Internal service funds statements are also included, reflecting balances prior to their elimination from the <br />government---type activities <br />columns of said statements. <br />Figure 1 <br />Required Components of the <br />Management's <br />Discussion and <br />Analysis <br />Basic <br />Financial <br />Statements <br />Required <br />Supplementary <br />Information <br />Government-wide <br />Financial <br />Statements <br />Fund <br />Financial <br />Statements <br />Notes to the <br />Financial <br />Statements <br />Summary Detail <br />24 51
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