Where in the basic financial statements would one find fiduciary activities reported?

Question

Quizplus · Accepted Answer

Fiduciary activities would be found in the fiduciary funds statements only. Fiduciary activities are not included in the government-wide statements.
The following data applies to the next three questions:
The City of Charlestown levied property taxes in the amount of $10,000,000. The taxes were levied July 1, 2016 for the fiscal year ended June 30, 2017. During the year ended June 30, 2017, $8,900,000 in property taxes were collected from this levy. It is estimated that $620,000 will be collected during the next 60 days, $300,000 will be collected more than 60 days after June 30, 2017, and $180,000 will never be collected.

Where in the Basic Financial Statements Would One Find Fiduciary