25
Reporting Model-Government-wide Statements
•Statement of Net Assets
•Statement of Activities--Cost of services approach
•Economic resources
•Accrual basis
•Consolidated
•
•
•
GASB believe that users want information which is government wide in nature, rather than fund based.  They believe that it demonstrates operational accountability.

The Statements focus on governmental and business type activities of the primary government.

Component units are shown in a separate column.

Accrual basis accounting is used for all activities.

Fiduciary Funds are not reported in the government wide statements.