Form 8655 Pearland Texas 2024-2025

Form 8655 Pearland Texas: What You Should Know

It does not include all financial transactions or all financial information of the City. The financial information is presented for your information, and to provide information on which to base future financial decisions. (1) General Overview (a) Financial Statements Pearland, Texas Financial Statement Report for the fiscal year concluded March 31, 2014. Excluded and included transactions are discussed, but not reported. (3) Cash: For more information about cash flows related to each of the three financial activities, see the cash flows table at the end of Part III of this report. (4) Accounts Receivable: For accounts receivable, the largest source of revenue, this is a change in revenue in the prior year's financial statement. Accounts Receivable (Purchased Property and Equipment): For accounting purposes, this represents cash provided by Pearland, Texas, for the purchase of property and equipment. The balance of the accounts receivable is eliminated to arrive at gross accounts receivable before amortization of purchased property and equipment that is recorded on the books of the City. The final number reflects the net value of the accounts receivable at the end of the accounting period. For the fiscal year ended March 31, 2014, the property and equipment receivable included in accounts receivable was 1,600,000. For more financial information, see Part III of this report. (a) Net Debt: Net debt is the sum of debt service expense less debt forgiven. Net Debt (Purchased Property and Equipment): net debt equals the difference between the amount of debt (liabilities) that were incurred during the year, and the actual amount financed because of the use of loans and advances. The difference is included in the amount of net debt. Inventory: Inventory represents unsold tangible, intangible and capital assets that are either on hand or on order. This includes tangible property that has gone into storage and certain capital equipment. Inventory at end — fiscal year ended March 31, 2014. (3) Property and Equipment. (a) Property and Equipment : The property and equipment consists of fixed assets for which inventory values have already been established and will be used in the performance of the activities detailed below.

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