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You do not report Fiduciary Funds in a Government wide report. They do not track business activity. You just need to keep a statement of Fiduciary net assets for business information but this is not reported.

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15y ago
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1w ago

Governments should report fiduciary fund balance in government-wide statements as assets and liabilities held in trust for a specific beneficiary relationship. Fiduciary fund income should be reported as revenue generated from the fiduciary activities.

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Q: How should governments report fiduciary fund balance and income in government-wide statements?
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