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1- Expenditures can be categorized in many ways, including by activity.
2- Permanent funds principal is restricted along with their income earned.
3- With agency funds, assets equal liabilities.
4- A government agency can have multiple general funds.
5- Government wide statements use accrual accounting.
6- There are 4 sections of the CAFR.
7- A fund is a self balancing set of accounts.
8- The MD& A Section of the CAFR includes variance analysis.
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