Summary of Receipts and Expenditures Only - Colorado 2025

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Receipts and Payments Statement means a Financial Statement prepared for an accounting period to depict the changes in the financial position and to present the cash received in and paid out in whatever form (Cash, Cheques, etc.) under certain heads.
An income statement is a financial statement that shows you the companys income and expenditures. It also shows whether a company is making profit or loss for a given period. The income statement, along with balance sheet and cash flow statement, helps you understand the financial health of your business.
Revenue Receipts: Income earned through taxes (direct and indirect) and non-tax resources (profits, interest, dividends). Revenue Expenditure: Expenditure on interest payments, defense, subsidies, public administration, and financial grants to states.
A statement is a record of actual expenditure, rather than planned expenditure. We usually compare the actual expenditure to planned expenses at this stage.
A receipt and payment account is a summarized cash book for a given period.This is a summary of the cash transactions as in the cash book. Non-profit organizations prepare receipt and payment account at the end of the year.
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The Statement of Receipts and Expenditures (SRE) is the basic financial report prescribed by the BLGF to monitor the LGUs financial performance. It captures the fiscal capacity, level of borrowings, and creditworthiness of the LGUs.

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