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<br /> <br />Figure 2 summarizes the major features of the City’s financial statements, including the portion of the City government <br />they cover and the types of information they contain. The remainder of this overview section of management’s discussion <br />and analysis explains the structure and contents of each of the statements. <br /> <br />Figure 2 <br />Major Features of the Government-wide and Fund Financial Statements <br /> <br /> Fund Financial Statements <br /> Government-wide <br />Statements <br />Governmental Funds Proprietary Funds Fiduciary Funds <br />Scope Entire City government <br />(except fiduciary <br />funds) and the City’s <br />component units <br />The activities of the <br />City that are not <br />proprietary or fiduciary, <br />such as police, fire and <br />parks <br />Activities the City <br />operates similar to <br />private businesses, <br />such as the water <br />and sewer system <br />Instances in which <br />the City administers <br />resources on behalf <br />of someone else <br />Required <br />financial <br />statements <br />• Statement of Net <br />Position <br />• Statement of <br />Activities <br />• Balance Sheet <br />• Statement of <br />Revenues, <br />Expenditures and <br />Changes in Fund <br />Balances <br />• Statement of Net <br />Position <br />• Statement of <br />Revenues, <br />Expenses and <br />Changes in Net <br />Position <br />• Statement of <br />Cash Flows <br />• Statement of <br />Fiduciary Net <br />Position <br />• Statement of <br />Changes in <br />Fiduciary Net <br />Position <br />Accounting <br />basis and <br />measurement <br />focus <br />Accrual accounting <br />and economic <br />resources focus <br />Modified accrual <br />accounting and current <br />financial resources <br />focus <br />Accrual accounting <br />and economic <br />resources focus <br />Accrual accounting <br />and economic <br />resources focus <br />Type of <br />asset/liability <br />information <br />All assets and <br />liabilities, both <br />financial and capital, <br />and short-term and <br />long-term <br />Only assets expected <br />to be used up and <br />liabilities that come <br />due during the year or <br />soon thereafter; no <br />capital assets included <br />All assets and <br />liabilities, both <br />financial and capital, <br />and short-term and <br />long-term <br />All assets and <br />liabilities, both short- <br />term and long-term; <br />funds do not <br />currently contain <br />capital assets, <br />although they can <br />Type of deferred <br />outflows/inflow <br />s of resources <br />information <br />All deferred <br />outflows/inflows of <br />resources, regardless <br />of when cash is <br />received or paid <br />Only deferred outflows <br />of resources expected <br />to be used up and <br />deferred inflows of <br />resources that come <br />due during the year or <br />soon thereafter; no <br />capital assets included <br />All deferred <br />outflows/inflows of <br />resources, <br />regardless of when <br />cash is received or <br />paid <br />All deferred <br />outflows/inflows of <br />resources, <br />regardless of when <br />cash is received or <br />paid <br />Type of <br />inflow/outflow <br />of resources <br />information <br />All revenues and <br />expenses during year, <br />regardless of when <br />cash is received or <br />paid <br />Revenues for which <br />cash is received during <br />or soon after the end of <br />the year; expenditures <br />when goods or services <br />have been received and <br />payment is due during <br />the year or soon <br />thereafter <br />All revenues and <br />expenses during the <br />year, regardless of <br />when cash is <br />received or paid <br />All additions and <br />deductions during <br />the year, regardless <br />of when cash is <br />received or paid <br /> <br /> <br />29