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What is a fund and what are the three types under government accounting?

Fund financial statements have different rules and should be presented separately for the three their respective basis for accounting. Reporting requirements will include both fund-based and government-wide financial statements (aka consolidated financial statements), supported by notes to the financial statements as well as supporting notes to the financial statements and required supplementary information. 

The 3 fund type categories include governmental funds, proprietary funds, and fiduciary funds:


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