Question

Indicate which financial statements must be included in the comprehensive annual financial report (CAFR) in each set of fund statements or government-wide statements.

Financial statement Governmental funds Proprietary funds Fiduciary funds Government-wide

1. Balance sheet
2. Statement of activities
3. Statement of cash flows
4. Statement of changes in fiduciary net position
5. Statement of fiduciary net position
6. Statement of net position
7. Statement of revenues, expenditures, and changes in fund balances
8. Statement of revenues, expenses, and changes in fund net position

Answer 1

Answer:

Explanation:

1. Management Discussion and Analysis (MD&A)

2. Basic Financial Statements

3. Note to Financial Statements

4. Required Supplementary Information (RSI)

5. Combining Statements for Non-major Fund & Non-major Components

6. Individual Fund statements and Schedules for Primary Government Funds