A statement of revenues, expenditures, and changes in fund balances must be reported for governmental...
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Accounting
A statement of revenues, expenditures, and changes in fund balances must be reported for governmental funds. In that statement, Proceeds of long-term debt should be reported in the other financing sources and uses classification. o Debt refundings are treated as extraordinary items. Expenditures are classified by major expenditure source. Revenues are classified, at a minimum, by function
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