Form Rd 3560 10 PDF Details

Understanding the intricacies of the Form RD 3560-10 is essential for those involved in multi-family housing projects financed by Rural Development (RD). This comprehensive borrower balance sheet is a crucial document that records a wide array of financial details, including assets, liabilities, and the owner's equity, providing a snapshot of the project's fiscal health at both the beginning and the end of a given period. The form meticulously categorizes assets into current and fixed, further breaking down details such as operating accounts, cash reserves, and depreciation of property, ensuring a holistic view of financial standings. It also outlines liabilities, segregating them into current and long-term, thus capturing the complete spectrum of financial obligations. This form plays a pivotal role in fulfilling the requirements set by RD, adhering to the Paperwork Reduction Act of 1995 and carrying significant legal weight, as any falsifications can lead to serious consequences, emphasizing the need for accuracy and transparency in its completion. Moreover, it functions not just as a reporting tool but also as a strategic document for both borrowers and RD, facilitating the ongoing assessment and management of multi-family housing projects.

QuestionAnswer
Form NameForm Rd 3560 10
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesrd 3560 10 form, borrower's balance sheet form 3560 10, rd 3560 10 fillable form, blank usda form 3560 10

Form Preview Example

 

Position 3

FORM APPROVED

 

MULTI-FAMILY HOUSING

Form RD 3560-10

OMB NO. 0575-0189

(02-05)

BORROWER BALANCE SHEET

 

 

PART I - BALANCE SHEET

 

PROJECT NAME

BORROWER NAME

BORROWER ID AND PROJECT NO.

 

BEGINNING DATES>

ASSETS

ENDING DATES>

 

CURRENT YEAR

()

()

PRIOR YEAR

()

()

COMMENTS

CURRENT ASSETS

1. GENERAL OPERATING ACCOUNT . . . . . . . . . . . . . . . . . . . .

2. R.E. TAX & INSURANCE ACCOUNT . . . . . . . . . . . . . . . . . . .

3. RESERVE ACCOUNT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. SECURITY DEPOSIT ACCOUNT . . . . . . . . . . . . . . . . . . . . . . .

5. OTHER CASH (identify) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6. OTHER (identify) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7. TOTAL ACCOUNTS RECEIVABLE (Attach list) . . . . . . . . . . .

. . . . . ACCTS. . RCVBL 0-30 DAYS

$

ACCTS RCVBL 30-60 DAYS

$

ACCTS RCVBL 60-90 DAYS

$

ACCTS RCVBL OVER 90 DAYS $

8. LESS: ALLOWANCE FOR DOUBTFUL ACCOUNTS. . . . . . .

9. INVENTORIES (supplies) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10. PREPAYMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11.

12. TOTAL CURRENT ASSETS (Add 1 thru 11) . . . . . . . . . . .

.

FIXED ASSETS

13. LAND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

14. BUILDINGS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15. LESS: ACCUMULATED DEPRECIATION . . . . . . . . . . . . . . .

16. FURNITURE & EQUIPMENT . . . . . . . . . . . . . . . . . . . . . . . . . .

17. LESS: ACCUMULATED DEPRECIATION . . . . . . . . . . . . . . .

18.

19. TOTAL FIXED ASSETS ( Add 13 thru 18) . . . . . . . . . . . . .

(

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OTHER ASSETS

20.

21. TOTAL ASSETS ( Add 12, 19, and 20) . . . . . . . . . . . . . . . . .

LIABILITIES AND OWNERS EQUITY

CURRENT LIABILITIES

22. TOTAL ACCOUNTS PAYABLE (Attach list) . . . . . . . . . . . . . .

. . . . . .ACCTS PAYABLE 0-30 DAYS

$

ACCTS PAYABLE 30-60 DAYS

$

ACCTS PAYABLE 60-90 DAYS

$

ACCTS PAYABLE OVER 90 DAYS $

23. NOTES PAYABLE (Attach list) . . . . . . . . . . . . . . . . . . . . . . . . . .

24. SECURITY DEPOSITS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

25. TOTAL CURRENT LIABILITIES (Add 22 thru 24) . . . . .

. .

According to the Paperwork Reduction Act of 1995, an agency may not conduct or sponsor, and a person is not required to respond to a collection of information unless it displays a valid OMB control number. The valid OMB control number for this information collection is 0575-0189. The time required to complete this information collection is estimated to average 2 hour per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information.

LONG-TERM LIABILITIES

26.NOTES PAYABLE RURAL DEVELOPMENT

27.OTHER (Identify)

28.TOTAL LONG-TERM LIABILITIES (Add 26 and 2 7)

29.TOTAL LIABILITIES (Add 25 and 28) . . . . . . . . . . . . .

30.OWNER'S EQUITY (Net Worth) (21 minus 29) . . . . . . . . . . .

31.TOTAL LIABILITIES AND OWNER'S EQUITY (Add 29 and 30)

 

 

 

 

 

 

 

 

(

)

(

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warning: Section 1001 of Title 18, United States Code provides: ''Whoever, in any matter within the jurisdiction any ofdepartmentdepartment or agency of the United States knowingly and willfully falsifies, conceals or covers up by any trick,

scheme, or device a material fact, or makes any false, fictitious or fraudulent statements or representations, or makes or uses any false writing or document knowing the same to contain any false, fictitious or fraudulent statement or entry, shall be fined under this title or imprisoned not more than five years, or both.

I HAVE READ THE ABOVE WARNING STATEMENT AND I HEREBY CERTIFY THE FOREGOING INFORMATION IS COMPLETE AND ACCURATE TO THE BEST OF MY KNOWLEDGE.

(Date)

(Signature of Borrower or Borrower' Representative)

(Title)

PART II - VERIFICATION OF REVIEW

I/We have reviewed the borrower's records. The accompanying balance sheet, and statement of actual budget and income on Form RD 1930-7, is a fair presentation of the borrower's records.

I/We certify that no identity of interest exists between me/us and any individual or organization doing business with the project or borrower.

(Date)

(Signature)

 

 

 

(Name and Title)

 

 

 

(Address)

In lieu of the above verification and signature, a review completed, dated and signed by a person or firm qualified by I license or certification is attached.

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This form will involve specific information; in order to guarantee consistency, take the time to pay attention to the guidelines just below:

1. The 3560 10 form involves certain details to be typed in. Make sure the following fields are complete:

Part number 1 for filling out form rd 3560 10

2. When the last part is complete, you have to put in the necessary specifics in FIXED ASSETS LAND, LESS ACCUMULATED DEPRECIATION, TOTAL FIXED ASSETS Add thru, OTHER ASSETS, TOTAL ASSETS Add and, LIABILITIES AND OWNERS EQUITY, CURRENT LIABILITIES TOTAL, ACCTS PAYABLE DAYS ACCTS PAYABLE, NOTES PAYABLE Attach list, and According to the Paperwork so you can progress to the 3rd part.

Writing part 2 of form rd 3560 10

3. In this stage, have a look at LONGTERM LIABILITIES NOTES, TOTAL LONGTERM LIABILITIES Add, TOTAL LIABILITIES Add and, OWNERS EQUITY Net Worth minus, TOTAL LIABILITIES AND OWNERS, and Warning Section of Title United. All these will have to be completed with utmost accuracy.

Learn how to prepare form rd 3560 10 stage 3

4. It is time to begin working on the next part! In this case you have all of these I HAVE READ THE ABOVE WARNING, Date, Signature of Borrower or Borrower, Title, PART II VERIFICATION OF REVIEW, IWe have reviewed the borrowers, IWe certify that no identity of, Date, and Signature empty form fields to fill out.

Filling out section 4 in form rd 3560 10

Be really careful when filling out IWe have reviewed the borrowers and Signature, because this is the section in which many people make errors.

5. As you get close to the conclusion of the document, you'll find just a few more points to undertake. In particular, Name and Title, Address, In lieu of the above verification, and certification is attached must all be filled in.

Part # 5 in completing form rd 3560 10

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