Show Notes inancial to 1 Summary significant of (con’t) Statements (Continued) policies accounting unds iduciary The Trust capacity trustee or other proprietory are Groups Account Groups financial operations They There ixed by aid in donated of Cost value then account groups same as manner critical Agency liabilities) and do not is The only with as is used- to drainage The acquired lease through inception expenditures in the as or time the at Group the No a Basis are Basis of General lease at provision regardless systems Debt Long-term expected the cost of of of is the lease fixed General at governmental funds be to fair capital is payment in cost made made is the for are Account financed not from is right in used of governmental such way and sidewalks the to of assets are Assets on general consisting assets and are time ixed General depreciation recorded Group These of market assets the to account record group long-term funds accounting of accounting in recognized of record date the recorded lighting and liabilities Basis the City assets no obligations Public domain ("infrastructure") assets in the certain improvements constructed public and roads buildings curbs gutters streets as has measurement of results measurement follows: fixed of City with Group Account the time concerned involved not are a include Trust Nonexpendible operations present are Assets concurrently Account of in These assets the at recorded purchase the City organizations funds unds results the private lease owned acquired through capital or of than those the unds and other Enterprise maintaining physical control these Cost overassets is of the fair value the date assets market at donation capital the other and at two are General of "funds") (not position The individuals andor unds by held assets for agent an governments Involve measurement Trust unds Expendable Account for account Agency in for accounted essentially funds since capital maintenance in (assets equal custodial nature are unds as Trust Nonexpendible unds unds Agency and refers to when and the accounts accounting relates to of the focus measurement Governmental maintained on accrual method follows: unds the of revenues reported timing applied the and in expenditures of or expenses statements made measurements financial the the Trust unds and unds Expendable Agency basis modified accrual to Modifications for fund governmental types accounting are (Continued) are the as |