Although governments may elect to report conduit obligations in their government-wide and proprietary fund statements, the GASB has ruled that note disclosure is sufficient.

Name: Although governments may elect to report conduit obligations in their government-wide and proprietary fund statements, the GASB has ruled that note disclosure is sufficient.
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The GASB has ruled that note disclosure is sufficient for reporting conduit obligations in government-wide and proprietary fund statements.

Although Governments May Elect to Report Conduit Obligations in Their