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