21.Governments offering postemployment benefits to their retired employees must present two financial statements related to their plans: the Statement of Plan Net Assets and the Statement of Changes in Plan Net Assets, as well as additional required supplementary information.
22.An investment trust fund is used to account for the external portion of a multi-government investment pool, when the reporting government is trustee.
23.Governmental investments in equity securities that have a determinable fair value are to be reported at fair value and any unrealized gains and losses are to be reported separately from realized gains and losses in the governmental operating statements.
24.Property that reverts to government ownership upon the death of the owner because of a lack of identifiable heirs is termed Escheat Property.
25.Escheat property, often collected by the state, is to be reported either in a private-purpose trust fund or in the fund to which the property ultimately escheats.
26.Fiduciary funds include agency funds, private-purpose trust funds, investment trust funds, and pension (or other employee benefit) trust funds.
27.Property that has been abandoned or property whose owners cannot be found is turned over to the state government until the legal owners can be found is known as community property.
28.Fiduciary Fund activities report in terms of Revenues and Expenses.
29.Fiduciary Fund activities report in terms of Additions and Deductions.
30.The Fiduciary Funds are not included in the Government-Wide Financial Statements.