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Figure 2 summarizes the major features of the City's financial statements, including the portion of the City government they cover and <br />the types of information they contain. The remainder of this overview section of management's discussion and analysis explai ns the <br />structure and contents of each of the statements. <br />Figure 2 <br />M ajor features of the Government -wide and Fund Financial Statements <br />-15- <br />Fund Financial Statements <br />Government -wide <br />Governmental Funds <br />Proprietary Funds <br />Statements <br />Scope <br />Entire City government <br />The activitiesof the City that <br />Activities the City operates <br />(except fiduciary funds) and <br />are not proprietary or <br />similar to private businesses, <br />the City's component units <br />fiduciary, such as police, fire <br />such as the water and sewer <br />and parks <br />system <br />Required financial <br />. Statement of Net Assets <br />• Bed ance Sheet <br />• Statements of Net Assets <br />statements <br />. Statement of Activities <br />• Statement of Revenues, <br />• Statements of Revenues, <br />Expenditures, and <br />Expenses and Changes in <br />Changes in Fund <br />Fund Net Assets <br />Balances <br />. Statements of Cash <br />Flows <br />Accounting Basis and <br />Accrual accounting and <br />Modified accrual accounting <br />Accrual accounting and <br />measurement focus <br />economic resources focus <br />and current financial <br />economic resources focus <br />resources focus <br />Typeof asset/liability <br />All assetsand liabilities, both <br />Only assets expected to be <br />All assetsand liabilities, both <br />information <br />financial and capital, and <br />used up and liabilitiesthat <br />financial and capital, and <br />short -term and long -term <br />come due duri ng the year or <br />short -term and long -term <br />soon thereafter; no capital <br />assets i ncl uded <br />Type of in flow /out flow <br />All revenues and expenses <br />Revenues for which cash is <br />All revenues and expenses <br />information <br />during year, regardless of <br />received during or soon after <br />during the year, regardless of <br />w hen cash i s recei ved or pai d <br />the end of the year; <br />w hen cash i s recei ved or pai d <br />expenditures when goods or <br />services have been received <br />and payment is due during <br />the year or soon thereafter <br />-15- <br />