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Figure 2 <br />and analysis explains the structure and contents of each of the statements. <br />Figure 2 <br />Major Features of the Government-wide and Fund Financial Statements <br /> Fund Financial Statements <br />Government-wide <br />Statements <br />Governmental Funds Proprietary Funds <br />Scope Entire City government and <br /> <br />The activities of the City that <br />are not proprietary or fiduciary, <br />such as police, fire and parks <br />Activities the City operates <br />similar to private <br />businesses, such as the <br />water and sewer system <br />Required financial <br />statements <br />Statement of Net <br />Position <br />Statement of Activities <br />Balance Sheet <br />Statement of Revenues, <br />Expenditures, and Changes <br />in Fund Balances <br />Statements of Net <br />Position <br />Statements of <br />Revenues, Expenses <br />and Changes in Fund <br />Net Position <br />Statements of Cash <br />Flows <br />Accounting basis and <br />measurement focus <br />Accrual accounting and <br />economic resources focus <br />Modified accrual accounting <br />and current financial resources <br />focus <br />Accrual accounting and <br />economic resources focus <br />Type of asset/liability <br />information <br />All assets and liabilities, <br />both financial and capital, <br />and short-term and long- <br />term <br />Only assets expected to be <br />used up and liabilities that <br />come due during the year or <br />soon thereafter; no capital <br />assets included <br />All assets and liabilities, <br />both financial and capital, <br />and short-term and long- <br />term <br />Type of deferred <br />outflows/inflows of <br />resources information <br />All deferred <br />outflows/inflows of <br />resources, regardless of <br />when cash is received or <br />paid <br />Only deferred outflows of <br />resources expected to be used <br />up and deferred inflows or <br />resources that come due during <br />the year or soon thereafter; no <br />capital assets included <br />All deferred <br />outflows/inflows of <br />resources, regardless of <br />when cash is received or <br />paid <br />Type of inflow/out <br />flow information <br />All revenues and expenses <br />during year, regardless of <br />when cash is received or <br />paid <br />Revenues for which cash is <br />received during or soon after <br />the end of the year; <br />expenditures when goods or <br />services have been received <br />and payment is due during the <br />year or soon thereafter <br />All revenues and expenses <br />during the year, regardless <br />of when cash is received or <br />paid <br />Government-wide Financial Statements. The government-wide financial statements are designed to provide readers with <br />-sector business. <br />The statement of net position , deferred outflows, liabilities, and deferred <br />inflows, with the difference reported as net position. Over time, increases or decreases in net position may serve as a <br />useful indicator of whether the financial position of the City is improving or deteriorating. <br />The statement of activities <br />fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, <br />regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items <br />that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave). <br /> <br />25 52