Castlewood City School District Has a Separately Elected Governing Body

Castlewood City School District has a separately elected governing body that administers the public school system. Although the district's budget is subject to the approval of the city council, the city is not obligated in any manner to provide financial support to the school district nor can the city access the resources of the school district. The district's financial activity should be

A) Blended with the city's financial statements.
B) Excluded from the city's financial statements.
C) Discretely presented with the city's financial statements.
D) Included as other required supplementary information (RSI) to the city's financial statements.