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Based on City of San Antonio, Texas, comprehensive annual financial report. An annual budgetary comparison...

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Accounting

Based on City of San Antonio, Texas, comprehensive annual financial report. An annual budgetary comparison schedule for a governmental fund is shown in Illustration 3-5, (a) Should this schedule be prepared on the unit's budgetary basis or on the GAAP basis? (b) Why does the GASB require governments to include both original and revised budget data in a budgetary comparison statement (or schedule)? In your response, think of Saint Leo's core value of Integrity and how this may be an issue with regard to part (b) of this discussion

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