Budget and Actual - Governmental Funds

Current Entity: Web-GAAP Training School District - 2002

Purpose: This report creates a Budget and Actual statement for all governmental funds and allows you to include/exclude a variance column, an original budget amount column and a choice of headings - Schedule or Statement.

The report includes a schedule of Revenues, Expenditures and Changes in Fund Balances. The Budget amount is on a non-GAAP basis.

Note: You should select the heading Statement for the general fund and for each major special revenue fund when including them as part of the basic financial statements, rather than as Required Supplementary Information (RSI). Statements are typically at the function level (CAFR format = no). Use the heading Schedule if presenting the report as either RSI or Supplementary Information (SI). Schedules are typically at the object level (CAFR format = yes) to demonstrate compliance when the legal level of control is at the fund/function/department (if applicable)/object level. The original budget amount must be included on a statement or a schedule presented as RSI, but may be omitted from a schedule presented as SI. In fact, for a statement the original budget field will be included regardless of whether it was selected or not.

Sample Budget and Actual Statement - using the specific fund 003-0000