For each of the phrases below, indicate whether the statement is consistent with an Enterprise Fund (“EF”), an Internal Service Fund (“ISF”), both (“B”), or neither (“N”).
1. Uses accrual accounting.
2. Uses modified accrual accounting.
3. Generally reported within the Business-type activities column of the government-wide statement of net position.
4. Generally reported within the Governmental Activities column of the government-wide statement of net position.
5. Required by the GASB to prepare a statement of cash flows.
6. Required by the GASB to prepare a budgetary comparison schedule or statement.
7. Conducts exchange transactions primarily or exclusively with parties outside the government.
8. Primarily conducts business with the General Fund and other governmental funds.
9. Required to prepare a statement of changes in fund balance.
10. Records depreciation.