Fiduciary funds are sometimes identified in the annual reports of state and local governments as "Ancillary Funds."

Name: Fiduciary funds are sometimes identified in the annual reports of state and local governments as "Ancillary Funds."
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Fiduciary funds are separate from ancillary funds in state and local governments' annual reports. Ancillary funds refer to non-major funds that are not fiduciary in nature, such as museum or park funds.

Fiduciary Funds Are Sometimes Identified in the Annual Reports of State