The total fund balances reported in the total column of the fund basis statements must be reconciled to the total Net Position presented in the governmental activities column of the government-wide Statement of Net Position

Question

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The fund balance reported in the Governmental Funds Balance Sheet must be reconciled to the net position of governmental activities in the Statement of Net Position. These amounts differ because the two statements have different bases of accounting and because most internal service funds are included in the governmental activities column on the government-wide statements.

The Total Fund Balances Reported in the Total Column of the Fund