True/False Questions 1.City and county governments are nottypically classified as special purpose governments. 2.According to GASB Statement No. 34, “General-purpose governments are thought to be...







True/False Questions



1.City and county governments are
nottypically classified as special purpose governments.



2.According to GASB Statement No. 34, “General-purpose governments are thought to be those that offer more than one type of basic governmental service”.



3.Special-purpose governments generally provide a limited set of services or programs.



4.Special purpose governments must be stand-alone local governments.



5. General-purpose governments are those that offer more than one type of basic governmental service, while special-purpose entities generally provide a limited, or single, set of programs or services.



6.GASB standards permit exercise of judgment when determining whether a government is general-purpose or special-purpose.



7.A County could be either a general-purpose or a special purpose government.



8.The implementation guide for GASB Statement 34 provides a distinction by indicating that “general purpose governments are thought to be those that offer more than one type of basic governmental service.



9.Special-purpose governments generally provide a single or limited set of governmental services or programs.



10.A fire protection district is anexample of special–purpose local government.







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May 15, 2022
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