Schedule of contingent liabilities
Compiled text through Sep 15, 2021
Register checked through Jul 29, 2026
No later Register activity identified in this check.
Dates and status
- Compiling agency
- Executive Department
- Text status
- Source receipt
- Compiled text through
- Sep 15, 2021
- Register checked through
- July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
- Activity status
- No later Register activity identified in this check.
- Source snapshot
- Jun 6, 2026
Contingent liabilities not reflected on a local agency's balance sheet will consist mainly of pending or threatened claims, lawsuits or judgments for which no provision has been made inasmuch as some uncertainty exists at the balance sheet date as to whether there will ever be any legal obligation. Contingent liabilities involving amounts which are or may become material shall be listed in a schedule of contingent liabilities, to be submitted with each quarterly financial report, together with the estimated amounts involved and such information as will explain their nature and status.