The General Account is a mandatory document that Alfarrasí City Council prepares annually to report on its economic and asset management. This report provides a comprehensive overview of the institution's financial status at the end of each year.
The document details the asset situation, including the Council's assets, rights, financing, and net worth. It also reflects the expenses, income, and economic results achieved during the fiscal year.
A fundamental part of the General Account is the analysis of budget execution. This section reports on how much and on what public funds have been spent, as well as the resources obtained and the manner in which expenses and income have been processed.
Within the annual accounts, several key statements are included: the Balance Sheet, showing assets, liabilities, and equity; the Statement of Economic-Asset Result, detailing income and expenses; the Statement of Changes in Equity; the Statement of Cash Flows; and the Budget Liquidation Statement, which outlines the budgetary result.
Finally, the Notes complete and clarify all the information contained in the previous statements, providing detailed context for a correct interpretation of Alfarrasí City Council's annual accounts.
