Copy and paste from Wiley book.
The fund fi nancial statement s for the governmental and enterprise fund categories report major funds , not all
funds. The general fund is always a major fund. Other funds must be considered major when both of the following
conditions exist: (1) total assets, liabilities, deferred infl ows and outfl ows, revenues, expenditures/expenses of that
individual governmental or enterprise fund constitute 10% of the governmental or enterprise category and (2)
total assets, liabilities, deferred infl ows and outfl ows, revenues, expenditures/expenses are 5% of the total of the
governmental and enterprise category combined. In addition, a government may choose to call any fund major if
it feels that reporting that fund would be useful.1 In governmental and enterprise fund statements, the nonmajor
funds are aggregated and reported as a single column. Combining statements for nonmajor funds are shown as
“Other supplementary information” later in the fi nancial section of CAFR. Internal service funds are reported in a
single column on the proprietary fund statements.
Fiduciary fund fi nancial statements report a separate column for fund type (agency, pension and other
employee benefi t trust, investment trust, and private purpose). If separate reports are not available for each pension
trust fund, then the notes must disclose this information. If separate reports are available, then the notes must
disclose how readers can obtain those reports.
AUD: 84
REG: 84
BEC: 79
FAR: 83
.