As part of a government's basic financial statements and required supplementary information, a budgetary comparison schedule is required for which funds?

Question

Quizplus · Accepted Answer

A budgetary comparison schedule is required for the General Fund and each major Special Revenue Fund that has a legally adopted annual budget. This is because these funds have a significant impact on the government's finances and therefore, require reporting on budget vs. actual amounts.

As Part of a Government's Basic Financial Statements and Required