When preparing fund basis financial statements, any funds not reported separately are aggregated and reported in a single column under the label nonmajor funds.

Question

Quizplus · Accepted Answer

Any funds not reported separately are aggregated and reported in a single column under the label nonmajor funds. A schedule showing the detail of nonmajor funds is provided in the other supplementary information section.

When Preparing Fund Basis Financial Statements, Any Funds Not Reported