Proprietary Funds

Multiple Choice

Proprietary funds:

A) Are required to present budget-actual statements in the fund statements.
B) Are required to present a reconciliation between the Statement of Revenues, Expenses, and Changes in Fund Net Position and the Cash Flow Statement.
C) Are not required to accrue interest due more than 30 days after the end of the fiscal year.
D) Are required to present a Statement of Revenues and Expenses and Balance sheet.