Determination of Blended Component Units (4)
If the government selects the alternative to present component unit information in the notes, the following details are provided:
1. Condensed statement of net assets
a. Total assets—distinguishing between capital assets and other assets. Amounts receivable from the primary government or other component units should be reported separately.
b. Total liabilities—distinguishing between long-term debt outstanding and other liabilities. Amounts payable to the primary government or to other component units should be reported separately.
c. Total net assets—distinguishing between restricted,
unrestricted and amounts invested in capital assets, net of related debt.
2. Condensed statement of activities
a. Expenses (by major functions and for depreciation expense, if separately reported)
b. Program revenues by type
c. Net program (expense) revenue
d. Tax revenues
e. Other nontax general revenues
f. Contributions to endowments and permanent fund principals
g. Special and extraordinary items
h. Change in net assets
i. Beginning net assets
j. Ending net assets
Taken From : Governmental Accounting Made Easy