Thanks teetee and jasbeerch!
So here's my take on what's important for government statements:
Required (Basic F/S):
1. MD&A
2. Government Wide F/S (Statement of Net Assets & Statement of Activities)
3. Fund F/S (G-2, P-4, F-2)
4. Reconciliation between GW and Fund
5. Notes
Required Supplementary Information (RSI)
1. Pension (schedules fo funding progress and employer contributions)
2. Budget (Budgetary comparison schedules)
3. Infrastructure (Information and assets for modified approach entities)
Optional Other Supplementary Information
1. Combining Statement for non-major funds
2. Variance between initial and final budgets
3. Variance between final budget and actual
Other optional reporting
–Introductory section (before basic F/S and RSI)
–statistical section–after Basic F/S and RSI
Where's the catch? This doesn't seem difficult at all so I feel like there must be more to it than just what I have taken from the reading. What am I missing?
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