As we have previously discussed, financial statements are an official bookkeeping record of the fiscal activities of a business, individual, or non-profit agency. These written reports detail the strength, performance, and liquidity of their finances and have many benefits to having them professionally prepared. But if you are still confused as to what makes a good report or need some examples, check out these amazing examples of Houston financial statements.
1. Houston Controller Financial Reports
Think the city of Houston is constantly wasting your hard earned tax money? They may be doing just that, but you can prove it by checking out their Annual Financial Reports. Simply click on the link to read everything from reports dating back to the city’s fiscal year in 2008 to their expected trends for 2017. There are also reports to management, CAFRs, and more. It’s a great example of how to prepare financial statements for cities, as well as see how funds are being utilized.
2. University of Houston Annual Financial Reports
See how our city’s largest university prepares their financial statements by clicking above. They currently offer financial statements for the fiscal year in 2015 that include:
- Financial Summary and Highlights: This is the financial report that contains all the pertinent data compressed in an easy to read format. It also has additional statistics and graphics to summarize it all.
- Statutory Submission Annual Financial Statements : a financial report required by the state of Texas to see if UH meets applicable state regulations and statutes.
- Internal Management Annual Financial Statements: In addition to information included in the above financial statement, it also includes internal management reporting for the university’s system and includes comparative data for the previous fiscal year..
The archives for the University of Houston’s financial statements goes all the way back to 2004.
3. HCCS Financial Statements
The Houston Community College Systems offers its financial reports and statements for the public to review. Ranging from August of 2015 to September of 2014, each report can be viewed online or downloaded as a pdf. Each report contains a:
- Summary of Financial Statements
- Fund Balance Statements
- Unrestricted Revenue and Expenditures for HCCS
- Adjusted Budgets Assorted by Divisions
- Balance Sheet by Funds
- Details on Exemptions and Waivers
4. Greater YMCA of Houston Financial Statements
Stop by this page to see how a large non-profit organization prepares their financial statements. Many organizations that rely on donations often post their financial statements online to give prospective donors the opportunity to see what the sources of funding are and how they are being spent to ensure that they are being spent wisely. The YMCA has audited financials statements (meaning an impartial third party has reviewed and approved them) for the reading dating back to 2012. You can also read their IRS Form 990 which contains their tax information.
5. Houston Food Bank Financial Statement
You don’t have to be a non-profit organization or a food bank to appreciate these financial statements. The highlights are found completely online without the need to download a pdf. Pie charts utilizing colors show visitors exactly where the revenue is coming from (mostly from donated food, contributions, and government grants). A similar pie chart shows us that a whopping $174 million are used in food bank operations with only $3.6 million being spent on management and general expenses.
Houston Financial Statements for Small to Midsize Businesses
And if you are a Houston small to mid sized business that needs expert financial statement preparation , please contact us to learn more.
