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5 <br /> <br />Q28. As a small business, what is the lowest level of financial statements that would be <br />acceptable? <br />A. At a minimum, a balance sheet and income statement. <br />Q29. Do you require my entire 1040 or just my schedule C from my 1040 filings? <br />A. It would be best to have the schedule C and form 1040 so we may tie/confirm schedule C <br />numbers to the form 1040 that was filed. <br />Q30. Are audited financial statements mandatory, or are these upon request after a selection <br />has been made? Based on the way it is worded, it seems as if this is only required at the <br />city’s discretion. I would need to hire another firm to complete these outside of my CPA and <br />due to the accelerated timeline, it may not be able to be complete before the submittal <br />deadline. Also, these are quite costly for small businesses. <br />A. A copy of the most recent business income tax return will be accepted if certified financial <br />statements are unavailable. <br />Q31. Regarding the annual report . . . do you need the annual report related to the audited <br />financial statement, or the annual report that we submit to the State of Florida? <br />A. Annual report that is submitted to the State of Florida.