For government-wide financial reporting, the assets and liabilities of Internal Service Funds (ISFs) are aggregated with the assets and liabilities of the activities that are the primary consumers of ISF services.

Question

Quizplus · Accepted Answer

For government-wide financial reporting, the assets and liabilities of ISFs are aggregated with the assets and liabilities of the activities that are the primary consumers of ISF services. ISFs generally provide services primarily to departments accounted for in the General Fund, so ISF assets and liabilities are aggregated most often with those of governmental activities.

For Government-Wide Financial Reporting, the Assets and Liabilities of Internal