Printable Form 8858 Sunnyvale California 2024-2025

Printable Form 8858 Sunnyvale California: What You Should Know

On behalf of the City, this report is being prepared on an annual basis. For each fiscal  year, the city will conduct a review of its finances. This report will identify, if applicable, the following: • the amount of funds available for spending. This amount should reflect the full range of spending at all levels of  city operations (e.g., operations, capital and management), and also the costs of programs (e.g., special  and continuing capital projects). Also, the report should identify the total amount expended for each function, including  the value of each expenditure. • expenditures that are considered by the City to have been made in furtherance of a  legitimate public purpose but were outside the scope of any contract or contract clause or that the City did not  enable legislation for and was not otherwise permitted to fund. (For example, the report should state whether any  of the City's expenditures were for grants from the state or federal government.) • any cash flow deficiencies, if and to the extent • any noncash material financial obligations or liabilities (e.g.,  the City's obligation to pay off a debt service payment or to fund a debt incurred for purposes not considered  legitimate public purposes). As a general matter, these “noncash” items typically encompass such activities as interest expense, depreciation,  interest on debt, and payments related to contract termination, as well as such items as property  acquisition costs (including, but not limited to, the acquisition or preparation of land, or the  acquisition of any existing or vacant property) and property tax payments.  The report will not  be prepared for any expenditures for city business which are otherwise not required to be reported on the reports called for by statute. (For  example, the report will not report expenditures for a project that was outside the scope of a development agreement.) The  report will not include items for tax year-ended balances unless requested by city law or directed by the Board of Supervisors. On an  annual basis, the report will identify, if applicable, the following: • the amount of funds available for spending. This amount should reflect the  full range of spending at all levels of city operations (e.g.

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