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o Proprietary fund statements offer short -term and long -term financial information about <br />the activities the government operates like businesses, such as utilities. <br />The basic financial statements also include Notes to the Financial Statements that explain some <br />of the information in the financial statements and provide more detailed data. The basic <br />financial statements are followed by a section of required supplementary information that further <br />explains and supports the information in the financial statements. Figure 1 shows how the <br />individual sections of this annual report are arranged and related to one another. <br />Figure 2 summarizes the major features of the City's financial statements, including the portion <br />of the City government they cover and the types of information they contain. The remainder of <br />this overview section of management's discussion and analysis explains the structure and <br />contents of each of the statements. <br />Figure 1 <br />Management's Discussion <br />and Analysis <br />Government -Wide <br />Financial Statements <br />- Governmental Activities <br />- Business -type Activities <br />No internal service funds <br />Reconciliation <br />orovided <br />a <br />Fund Financial Statements <br />- Governmental Funds <br />- Proprietary Funds <br />Major funds shown separately <br />Notes to the Financial Statements <br />Required Supplementary <br />Information: <br />• Budgetary Comparison Schedules <br />Other Information: <br />- Combining statements for nonmajor <br />governmental funds <br />- Combining statements for internal <br />service funds <br />12 <br />1 <br />Management's <br />Discussion and <br />Analysis <br />Basic Financial <br />Statements <br />Required <br />Supplementary <br />information <br />