LIC 403 - Balance Sheet

Form LIC 403 is used by licensed facility operators in California to provide a balance sheet, which presents the financial condition of the facility at a specific point in time. The form outlines the facility's assets, liabilities, and equity, reflecting the financial health and net worth of the facility. By utilizing this form, facility operators maintain accurate financial records, enable proper financial management, and fulfill reporting obligations to the California Department of Social Services (CDSS).