•Net
cost format (expenses minus program revenue = net cost)
•Expenses
by functions/programs
•Revenues
by:
–Charges for services
–Operating grants and
contributions
–Capital grants and
contributions
–General (e.g., taxes and
other non-program revenue)
•Special,
extraordinary items, and transfers
ØMost significant impact on closing package agencies will
likely be the addition of separate accounts
to identify capital from operating
grants/program from general grants (discussed in next section)