11.According to GASB
Statement 34, governmental activities are generally financed through taxes, intergovernmental revenues and other nonexchangerevenues.
12.Financial reporting for a special-purpose local government depends on whether that government is engaged in governmental-type, business-type or fiduciary-type activities.
13.Special-purpose governments that are engaged in only one governmental-type activity are permitted to combine the fund and government-wide financial statements
14.A special-purpose government engaged in business-type activities financed in whole or part by fees charged to external parties are usually reported in fiduciary funds.
15.Special-purpose governments that are engaged in both governmental and business-type activities are permitted to combine the fund and government-wide financial statements.
16.Special-purpose governments that are engaged in more than one governmental activity are permitted to combine the fund and government-wide financial statements.
17.Special-purpose governments that are engaged in both governmental and business-type activities are required to use the full reporting model including MD&A, government-wide and fund-basis statements, notes to the financial statements and RSI.
18.Special-purpose governments that are engaged in more than one governmental activity are required to use the full reporting model including MD&A, government-wide and fund-basis statements, notes to the financial statements and RSI.
19.Special-purpose governmental entities that are engaged in a single business activity are not required to prepare government-wide financial statements, but may issue only enterprise fund statements.
20.Special-purpose governmental entities that are engaged in a single governmental-type activity only are required to prepare only the statements required for governmental fund basis financial statements.