2/21/25
GASB GAAP #1 • GASB Statement #34 (June 1999) - new reporting model o Basic Financial Statements and Required Supplementary Information: • Management’s discussion and analysis (MD&A) • Basic Financial Statements – Government-wide financial statements – Fund financial statements – Notes to the financial statements • Required complementary information (RSI) – MD&A – Budgetary comparison (legally adopted budget)
7
GASB GAAP #2 o Government–wide financial statements: • Economic resources measurement focus/full accrual basis of accounting
• Primary government
– Governmental Activities – Business-type Activities
• Discretely presented component units
8
4
Made with FlippingBook - Online catalogs