•All assets (including infrastructure) and
liabilities
•Net assets (rather than fund balances, retained
earnings,etc.)
–Invested
in capital assets, net of related debt
–Restricted
–Unrestricted
•Choice between two formats
•
–
ØMost significant effect for closing package agencies will be centered around the
differences between modified accrual basis information (currently
submitted) and accrual basis information for governmental
funds
•