Gov't - part 2

Question 1

What statements are required for the Governmental Fund Category?

Answer 1

(1) . Balance Sheet;

(2) . Statement of Revenues, Expenditures, and Changes in Fund Balance.

Question 2

What statements are required for the Proprietary Fund Category?

Answer 2

(1) . Statement of Net Position;
(2) . Statement of Revenues, Expenses, and Changes in Net Position;
(3) . Statement of Cash Flows.

Question 3

What statements are required for the Fiduciary Fund Category?

Answer 3

(1) . Statement of Fiduciary Net Position;

(2) . Statement of Changes in Fiduciary Net Position.

Question 4

What statements are issued government wide?

Answer 4

i. Government-wide Statement of Net Position;

ii. Government-wide Statement of Activities;

Question 5

Which category of funds are included in government wide financial statements?

Answer 5

Government-wide Statements include financial data from the Governmental and Proprietary Funds only. Fiduciary Fund financial data is not included in these statements.