2004 Annual Comprehensive Financial Report

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• The remaining statements are fund financial statements that focus on individual parts of the City government, reporting the City's operations in more detail than the government - wide statements. o The governmental funds statements tell how general government services like public works were financed in the short term as well as what remains for future spending. o Proprietary fund statements offer short- and long-term financial information about the activities the government operates like businesses, such as the water and sewer systems. Figure 1 Management's Discussion and Analysis Government -Wide Financial Statements - Govemmental Activities -Business-type Activities No internal service funds Reconciliation provided 4 Fund Financial Statements - Governmental Funds - Proprietary Funds Major funds shown separately Notes to the Financial Statements Required Supplementary Information: - Budgetary Co nparison Schedules Other Information: - Combining statements for nonmajor governmental funds - Combining statements for internal service funds J J Management's Discussion and Analysis Basic Financial Statements Required Supplementary Information The financial statements also include notes that explain some of the information in the financial statements and provide more detailed data. The statements are followed by a section of required supplementary information that further explains and supports the information in the financial statements. Figure 1 shows how the required parts of this annual report are arranged and related to one another. In addition to these required elements, there is a section included with combining statements that provide details about the nonmajor governmental funds and internal service funds, each of which are added together and presented in single columns in the basic financial statements. 12