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MD&A
•Topics included in GASB 34 intended to be maximum presentation versus minimum
•Brief description of basic statements
•General discussion
•Analysis of financial position and results of operations (significant variances)
•Analysis of budgetary changes and results
Description of required financial statements should include the differences between the government wide perspective and the fund perspective.

Condensed government wide information will be in the tradition financial statements format, not the net costs format.

Discussion of overall financial condition should focus on how the financial condition has changed over the past year.