Question

Identify the location of each report, transaction, data element, or reporting objective described in the table below in the financial statements of a local government that complies with GASB 34 by clicking in the associated cells and selecting from the option list provided.

	A	B
1	Report / Activity / Reporting Objective	Financial Statement Location
2	Pension fund balance sheet	a.Fiduciary fund financial statements b. Consolidated with governmental activities in the government-wide financial statements c. Consolidated with business-type activities in the government-wide financial statements d. Optional supplementary information
3	Road and bridge assets reported using the modified approach	Fund financial statements Consolidated with governmental activities in the government-wide financial statements Consolidated with business-type activities in the government-wide financial statements Required supplementary information
4	Non-major debt service fund	Required supplementary information Consolidated with governmental activities in the government-wide financial statements Consolidated with business-type activities in the government-wide financial statements Proprietary fund financial statements
5	Internal service fund financial statements	Required supplementary information Consolidated with governmental activities in the government-wide financial statements Consolidated with business-type activities in the government-wide financial statements Fiduciary fund financial statements
6	Special assessment activity for which the local government has no responsibility	Custodial funds Consolidated with governmental activities in the government-wide financial statements Consolidated with business-type activities in the government-wide financial statements Required supplementary information
7	Comparison of general fund budgets to actual general fund activity	Required supplementary information Consolidated with governmental activities in the government-wide financial statements Consolidated with business-type activities in the government-wide financial statements Footnote disclosure
8	Budget variances	Required supplementary information Consolidated with governmental activities in the government-wide financial statements Consolidated with business-type activities in the government-wide financial statements Optional supplementary information
9	Analysis of significant budget variances	Management's discussion and analysis Consolidated with governmental activities in the government-wide financial statements Required supplementary information Optional supplementary information
10	Details of non-major fund financial statements	Optional supplementary information Required supplementary information Fund financial statements Footnote disclosure
11	Definition of "measurable and available"	Required supplementary information Optional supplementary information Optional footnote disclosure Required footnote disclosure

Answer 1

The Location of each report, transaction, data element, or reporting objective mentioned below in the financial statements of a local government that complies with GASB 34 is as follows:

Items	Option	Particulars
1. Pension Fund Financial Statements	a	Fiduciary fund financial statements
2. Road and bridge assets reported using the modified approach	b	Consolidated with governmental activities in the government-wide financial statements
3. Non-major debt service fund	c	Consolidated with business-type activities in the government-wide financial statements
4. Internal service fund financial statements	b	Consolidated with governmental activities in the government-wide financial statements
5. Special assessment activity for which the local government has no responsibility	d	Required supplementary information
6. Comparison of general fund budgets to actual general fund activity	a	Required Supplementary Information
7. Budget variances	a	Required Supplementary Information
8. Analysis of significant budget variances	c	Required Supplementary Information
9. Details of non-major fund financial statements	c	Fund Financial Statements
10. Definition of "measurable and available"	a	Required Supplementary Information