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Government-wide F/S (Two Statements (Statement of Activities (Presentation…
Government-wide F/S
Two Statements
Statement of Net Position
Statement of Activities
Government Activities divided by function
Revenues
General Revenues
Program Revenues
F/S notes are part of F/S
Presentation
Discrete
Component activites are distinguishable
Discrete presention Required
Blended
Component activites are not distiingishable
Blended presentation warranted
Components are reported in the Entity-Wide F/S
Accrual Basis
Economic Measurement
Purpose is to provide Operational Accountability
Statement of Net Position
ADLD
Assets
Current and Non Current
Ordered by Liquidity
Deferred Outflows of Resources
Money go out to get an asset
Liabilities
Ordered by Liquidity
Current and Non Current
Deferred Inflows of Resources
Receive money and now owe a service
RUC
Restricted Net Assets
Unrestricted Assets
Capital Assets
Shown as Net of Debt and ACD
Divided into
Governmental Activities
Business Activities
Infrastructure uses Modified Approach
Report at Cost
No ACD