Special-purpose governments that are engaged in more than one governmental activity are required to use the full reporting model including MD&A, government-wide and fund-basis statements, notes to the financial statements and RSI.

Question

Quizplus · Accepted Answer

Special-purpose governments that are engaged in both governmental and business-type activities or in more than one governmental activity are required to follow the full reporting model, including both government-wide and fund-basis financial statements. All special-purpose governments must present MD&A, notes and RSI when applicable.

Special-Purpose Governments That Are Engaged in More Than One Governmental