Laserfiche WebLink
they cover and the types of information they contain. <br />and analysis explains the structure and contents of each of the statements. <br />Figure 2 <br />Major Features of the Government-wide and Fund Financial Statements <br /> Fund Financial Statements <br />Government-Wide Governmental Funds Proprietary Funds <br />Statements <br />Scope Entire City government The activities of the City that Activities the City operates <br />(except fiduciary funds) and are not proprietary or similar to private <br /> fiduciary, such as police, fire businesses, such as the <br />and parks water and sewer system <br />Required financial <br />Statement of Net Position Balance Sheet Statement of Net <br />statements <br />Position <br />Statement of Activities Statement of Revenues, <br />Expenditures, and Changes Statement of Revenues, <br />in Fund Balances Expenses and Changes <br />in Net Position <br />Statement of Cash Flows <br />Accounting basis Accrual accounting and Modified accrual accounting Accrual accounting and <br />and measurement economic resources focus and current financial economic resources focus <br />focus resources focus <br />Type of asset/liability All assets and liabilities, both Only assets expected to be All assets and liabilities, <br />information financial and capital, and used up and liabilities that both financial and capital, <br />short-term and long-term come due during the year or and short-term and long- <br />soon thereafter; no capital term <br />assets included <br />Type of deferred All deferred inflows of Only deferred inflows of All deferred inflows of <br />Inflows of resources resources, regardless of resources that come due resources, regardless of <br />Information when cash is received or during the year or soon when cash is received or <br />paid thereafter; no capital assets paid <br />included <br />Type of inflow/out All revenues and expenses Revenues for which cash is All revenues and expenses <br />flow information during year, regardless of received during or soon after during the year, regardless <br />when cash is received or the end of the year; of when cash is received or <br />paid expenditures when goods or paid <br />services have been received <br />and payment is due during the <br />year or soon thereafter <br />Government-wide Financial Statements. The hpwfsonfou.xjef!gjobodjbm!tubufnfout are designed to provide readers with <br />-sector business. <br />The tubufnfou!pg!ofu!qptjujpo , deferred outflows of resources, liabilities, <br />and deferred inflows of resources with the difference being reported as ofu!qptjujpo. Over time, increases or decreases in <br />net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating. <br />The tubufnfou!pg!bdujwjujft net position changed during the most recent <br />fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, <br />sfhbsemftt!pg!uif!ujnjoh!pg!sfmbufe!dbti!gmpxt. Thus, revenues and expenses are reported in this statement for some items <br />that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave). <br /> <br />17 <br /> <br />