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11 Cards in this Set
- Front
- Back
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Types of Governmental Funds
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-General
-Special Revenue -Debt Service -Capital Projects -Permanent |
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Types of Proprietary Funds
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-Internal Service
-Enterprise |
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Types of Fiduciary Funds
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-Agency
-Pension and other employee trust funds -Investment trust funds -Private-purpose trust funds |
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Government-Wide Financial Statements (What Statements?)
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-Statement of Net Assets
-Statement of Activities |
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Governmental Funds (What Statements?)
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-Balance Sheet
-Statement of Revenues, Expenditures, and Changes in Fund Balances |
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Proprietary Funds (What Statements?)
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- Statement of Net Assets (or Balance Sheet)
- Statements of Revenues, Expenses, and Changes in Fund Net Assets (or Fund Equity) -Statement of Cash Flows |
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Fiduciary Funds
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- Statement of Fiduciary Net Assets
- Statement of Changes in Fiduciary Net Assets |
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Required Supplementary Information (RSI) other than MD&A (What does it include?)
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-Schedule of Funding Progress (for Entities Reporting Pension Trust Funds)
-Schedule of Employer Contributions (for Entities Reporting Pension Trust Funds) -Budgetary Comparison Schedules -Information about Infrastructure Assets (for Entities Reported Using the Modified Approach) - Claims Development Information When the Government Sponsors a Public Entity Risk Pool |
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Primary government
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A state governements, general-purpose local government, or a special-purpose local government that has a separately elected governing body, is legally separate, and is fiscally independent of other state or local governments
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Component Unit
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A legally separate organization for which elected officials of a primary government are financially accountable, or for which the nature and significance of their relationships with a primary government is such that omission would cause the primary government's financial statements to be misleading
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Statement of Net Assets (Government-wide Financial Statements) Categorizes "net assets" into what three categories?
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1. Invest in capital assets, net of related debt
2. Restricted 3. Unrestricted |
