Under the reporting model required by GASB Statement 34, fund statements are required for governmental, proprietary, and fiduciary funds. Government-wide statements include the Statement of Net Position and Statement of Activities. Answer the following questions related to the reporting model:

1.What is the measurement focus and basis of accounting for: governmental fund statements; proprietary fund statements; fiduciary fund statements; and government-wide statements?

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2.Indicate differences between fund financial statements and government-wide statements with regard to: component units; fiduciary funds; and location of internal service funds.

3.Indicate what should be included in the Statement of Net Position categories: Net Investment in Capital Assets; Restricted; and Unrestricted.

(