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Figure 2 <br />ÀöÇÎØéÈÛÈ×Ï×ÎÈÉÀ <br />Government-wide <br />StatementsGovernmental Funds Proprietary Funds <br />Scope <br />Entire City governmentThe 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 water and sewer <br />and parks and system and the golf <br />recreationcourse <br />Required financial <br />Statement of net Balance sheet Statement of net <br />statements <br />assets Statement of assets <br /> Statement of revenues, Statement of <br />activitiesexpenditures, and revenues, expenses, <br />changes in fund and changes in net <br />balancesassets <br />Statement of cash <br />flows <br />Accounting basis <br />Accrual accounting Modified accrual Accrual accounting <br />and measurement <br />and economic accounting and currentand economic <br />focusresources focusfinancial resources resources focus <br />focus <br />Type of asset/liability <br />All assets and Only assets expected All assets and <br />informationliabilities, bothto 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-termsoon thereafter; no long-term <br />capital assets included <br />Type of All revenues and Revenues for which All revenues and <br />inflow/outflow <br />expenses during year, cash is received expenses during year, <br />informationregardless of when during or soon after regardless of when <br />cash is received or the end of the year; cash is received or <br />paidexpenditures 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 assets <br />includesall of the City’s assets and liabilities, with the difference between the two reported as <br />net assets. Over time, increases or decreases in the City’s net assets 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 /> <br />