The financial statements required for the General Fund or a Special Revenue Fund are a balance sheet and a statement of revenues, expenditures, and changes in fund balance.

Question

Quizplus · Accepted Answer

A balance sheet and a statement of revenues, expenditures, and changes in fund balance are the required financial statements for the General Fund or a Special Revenue Fund. In addition, a budgetary comparison schedule or statement is required for the General Fund and each major Special Revenue Fund for which there is a legally adopted budget.

The Financial Statements Required for the General Fund or a Special