Is there a preferred format that MHDC requires Financial Statements to be submitted in?
Yes, MHDC prefers that all properties prepare their financial statements using the chart of accounts provided under the On-line Budget System. This format is essential for MHDC to begin creating its benchmarking database, and it will allow MHDC to review the financial statements compared to the annual budget more effectively. Click Balance Sheet & Income Statement Format with Account Numbers for a sample of a balance sheet and Income statement under this format.
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