Question: Search the Internet for the basic financial statements of several state or local governments. 1. Do any of the governments report negative balances of unrestricted

Search the Internet for the basic financial statements of several state or local governments.

1. Do any of the governments report negative balances of unrestricted net position for governmental activities? , For business-type activities?

2. What classifications of program revenues are presented? Do any present more than the minimum required classifications?

3. Do any of the governments present indirect expenses in a separate column?

4. What funds are reported as major funds? How many major funds does each government present?

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1 As of December 31 2016 Olmsted SWCDs assets exceeded liabilities by 165321 total net position Of the total assets 165321 represents unrestricted net ... View full answer

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