According to the GASB, control of an asset means the government must have the asset in its possession.
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Q1: By definition a fiduciary fund that does
Q3: Because a government does not have any
Q4: Pension trust funds should utilize budgetary accounts
Q5: It is common for a government that
Q6: The collection of taxes or other revenues
Q7: Each trust fund type must be reported
Q8: Investment trust funds and pension trust funds
Q9: When an investment pool is created, the
Q10: A custodial fund should be used to
Q11: Custodial funds are used only if a
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