(a) Appropriate interim financial statements and reports of financial position, operating results, and other pertinent information shall be prepared to facilitate management control of financial operations, legislative oversight, and when necessary or desired, for external reporting purposes.
(b) An annual comprehensive financial report covering all funds and account groups of the governmental unit shall be prepared and published, including:(1) Appropriate combined, combining, and individual fund statements;(2) Notes to the financial statements;(3) Schedules;(4) Narrative explanations; and(5) Statistical tables.
(1) Appropriate combined, combining, and individual fund statements;
(2) Notes to the financial statements;
(3) Schedules;
(4) Narrative explanations; and
(5) Statistical tables.
(c) (1) General purpose financial statements may be issued separately from the annual comprehensive financial report.(2) General purpose financial statements shall include the basic financial statements and notes to the financial statements that are essential to fair presentation of financial position and operating results and changes in financial position of proprietary funds and similar trust funds.
(1) General purpose financial statements may be issued separately from the annual comprehensive financial report.
(2) General purpose financial statements shall include the basic financial statements and notes to the financial statements that are essential to fair presentation of financial position and operating results and changes in financial position of proprietary funds and similar trust funds.