The Governing Board of the City of Wheaton Is Also

Multiple Choice

The governing board of the City of Wheaton is also the governing board of Mosquito Abatement District, a business-type activity. A benefit or burden relationship exists between the city and the district. Which of the following statements regarding the financial reporting options is false?

A) The District is a blended component unit and is reported in both the fund financial statements and the government-wide financial statements.
B) The District is not subject to major fund reporting criteria.
C) The District may be reported in a separate column on the Proprietary Fund financial statements, but would most likely be reported within the business-type activities column in the government-wide financial statements.
D) The District is not to be reported as a discretely presented component unit.