Fiduciary funds are excluded from the government-wide financial statements.

Name: Fiduciary funds are excluded from the government-wide financial statements.
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Question

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Fiduciary funds are excluded from government-wide financial statements because they are not considered to be resources that support the government's own programs. These funds are held in a trustee or agency capacity for others and cannot be used to support the government's own programs.

Fiduciary Funds Are Excluded from the Government-Wide Financial Statements