Search the internet for a governmental entity's annual financial statements-A city, for example. List 10 notable items about the governmental financial statements. Look at the financials statement. Do they present funds? What funds? What is included in each fund? What questions does this bring up for you? Please use the city Texarkana Texas. Also please post the link to the financial statement used.

Answer rating: 100% (QA)

Solution In June 1999 GASB introduced a new financial reporting model in Statement 34 Basic Financial Statementsand Managements Discussion and Analysi... View the full answer