19
Reporting Issues
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•Major funds
•Enterprise funds
•Internal service funds
•Pensions
•Liabilities
•Fixed assets
•Functional categories
•Stmt of net assets
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•Stmt of activities
•Direct stmt of cash flows
•Footnotes & RSI
•Budget presentation
•MD&A
•Gov’t wide vs fund reconciliation
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Ø  Primarily impacts the OCG and State agencies who prepare stand-alone financial statements