![]() This requires reporting assets and liabilities as either current or noncurrent. The interfund eliminations within enterprise funds are not required.Ĥ.3.4.20 Governments have two options for layout:Īssets plus deferred outflows of resources, less liabilities, less deferred inflows of resources, equals net position, orĪssets plus deferred outflows of resources equals liabilities plus deferred inflows of resources plus net position.Ĥ.3.4.30 Assets and liabilities should be presented in a classified format. By reporting the internal service funds separately from the proprietary funds, the information in the Totals column in these statements flows directly to the Business-Type Activities column on the government-wide statement of net position. A combined total column for all enterprise funds should be presented. Major enterprise funds are reported in separate columns and nonmajor enterprise funds are aggregated in a single column. However, internal service funds should be reported as a fund type (aggregated) in a separate column. They are reported the same way as in the government-wide financial statements. Proprietary funds are presented using the economic resources measurement focus and the full accrual basis of accounting. Statement of cash flows (see Statement of Cash Flows).Statement of revenues, expenses, and changes in fund net position, and.Statement of Revenues, Expenses, and Changes in Fund Net PositionĤ.3.4.10 The following are required fund financial statements for proprietary funds: Proprietary Fund Statement of Net Position Open Required Supplementary Information (RSI) sub menuĤ.3.4 Proprietary Funds Financial Statements Quick LinksĤ.3.4.10 Proprietary funds financial statements Note X – Violation of Finance-Related Legal and Contractual Provisions.Note X – Unique and Unusual Transactions.Note X − Third Party Contractual Agreements.Note X – Service Concession Arrangements.Note X – Risk Pools – Risk Financing Limits.Note X – Risk Pools – Members’ Supplemental Assessments and Credits.Note X – Risk Pools – Excess Insurance Contracts/Reinsurance.Note X – Risk Management (for participating member of pool). ![]() Note X – Restricted Component of Net Position.Note X – Reconciliation of Government-Wide and Fund Financial Statements.Note X – Receivable and Payable Balances. ![]()
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