When preparing fund basis financial statements, any funds not reported separately are reported individually by function.

Name: When preparing fund basis financial statements, any funds not reported separately are reported individually by function.
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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