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Figure 2 <br />Fund Statements <br />Government -wide <br />Statements <br />Governmental Funds <br />Proprietary Funds <br />Scope <br />Entire City government <br />The activities of the <br />City that are not <br />proprietary, such as <br />police, public works, <br />and parks and <br />recreation <br />Activities the City <br />operates similar to <br />private businesses: <br />The utilities and the <br />golf course <br />Required financial <br />statements <br />■ Statement of net <br />position <br />■ Statement of <br />activities <br />■ Balance sheet <br />■ Statement of <br />revenues, <br />expenditures, and <br />changes in fund <br />balances <br />■ Statement of net <br />position <br />■ Statement of <br />revenues, expenses, <br />and changes in net <br />position <br />■ Statement of cash <br />flows <br />Accounting basis <br />and measurement <br />focus <br />Accrual accounting <br />and economic <br />resources focus <br />Modified accrual <br />accounting and current <br />financial resources <br />focus <br />Accrual accounting <br />and economic <br />resources focus <br />Type of asset/liability <br />information <br />All assets and <br />liabilities, both <br />financial and capital, <br />and short-term and <br />long-term <br />Only assets expected <br />to be used up and <br />liabilities that come <br />due during the year or <br />soon thereafter; no <br />capital assets included <br />All assets and <br />liabilities, both <br />financial and capital, <br />and short-term and <br />long-term <br />Type of <br />inflow/outflow <br />information <br />All revenues and <br />expenses during year, <br />regardless of when <br />cash is received or <br />paid <br />Revenues for which <br />cash is received <br />during or soon after <br />the end of the year; <br />expenditures when <br />goods or services <br />have been received <br />and payment is due <br />during the year or <br />soon thereafter <br />All revenues and <br />expenses during year, <br />regardless of when <br />cash is received or <br />paid <br />Government -wide Statements <br />The government -wide statements report information about the City as a whole using accounting <br />methods similar to those used by private -sector companies. The statement of net position <br />includes all of the City's assets and deferred outflows of resources and all liabilities and deferred <br />inflows of resources, with the difference reported as net position. Over time, increases or <br />decreases in the City's net position are an indicator of whether its financial health is improving <br />or deteriorating, respectively. To assess the overall health of the City, additional nonfinancial <br />13 <br />