![]() 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.
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