California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 2 - Corporate Securities › Article 4 - Standards for the Exercise of the Commissioner's Authority › Subarticle 11 - Oil and Gas Interests › Disclosure and Marketing Requirements › Section 260.140.130.3 - Financial Information Required on Application

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The sponsor or the program shall provide as an exhibit
						  to the application or where indicated below shall provide as part of the
						  prospectus, the following financial information and financial
						  statements:
(a) Cash Flow Statement of
						Program. As part of the prospectus, if the program has been formed and owns
						assets, a cash flow statement, which may be unaudited, for the program for each
						of the last three fiscal years of the program (or for life of the program, if
						less) and unaudited statements for any interim period between the end of the
						latest fiscal year and the date of the balance sheet furnished, and for the
						corresponding interim period of the preceding years.
(b) Balance Sheet of Program. As part of the
						prospectus, a balance sheet of the program as of the end of its most recent
						fiscal year prepared in accordance with generally accepted accounting
						principles and accompanied by an auditor's report containing an unqualified
						opinion of an independent certified public accountant or independent public
						accountant, and an unaudited balance sheet as of a date not more than ninety
						days prior to the date of filing.
(c) Statements of Income, Partners' Equity,
						and Changes in Financial Position of Program. As part of the prospectus, if the
						program has been formed and owns assets, statements of income, statements of
						partners' equity, and statements of changes in financial position for the
						program for each of the last three fiscal years of the program (or for the life
						of the program, if less), all of which statements shall be prepared in
						accordance with generally accepted accounting principles and accompanied by an
						auditor's report containing an unqualified opinion of an independent certified
						public accountant or independent public accountant, and unaudited statements
						for any interim period ending not more than ninety days prior to the date of
						filing an application.
(d) Balance
						Sheet of General Partner.
(1) Corporate
						General Partner. A balance sheet of any corporate general partners as of the
						end of their most recent fiscal year, prepared in accordance with generally
						accepted accounting principles and accompanied by an auditor's report
						containing an unqualified opinion of an independent certified public accountant
						or independent public accountant, and an unaudited balance sheet as of a date
						not more than ninety days prior to the date of filing. Such statements shall be
						included in the prospectus.
(2)
						Other General Partners. A balance sheet for each noncorporate general partner
						(including individual partners or individual joint venturers of a sponsor) as
						of a time not more than ninety days prior to the date of filing an application;
						such balance sheet, which may be unaudited should conform to generally accepted
						accounting principles and shall be signed and sworn to by such general
						partners. A representation of the amount of such net worth must be included in
						the prospectus.