When preparing external financial statements that are in accordance with generally accepted accounting principles, the minimum financial report will include

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When preparing external financial statements in accordance with generally accepted accounting principles, the minimum financial report will include basic financial statements, management's discussion and analysis, and other required supplementary information. This is the standard requirement for financial reporting by government entities, as set forth by the Governmental Accounting Standards Board. Alternative options such as a comprehensive annual financial report or only the financial section of a comprehensive annual financial report are not sufficient to meet the minimum requirements of GAAP.

When Preparing External Financial Statements That Are in Accordance with Generally