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Essentials of Accounting for Governmental and Not-for-Profit Organizations - page 8 / 19

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Answer: What to do with Internal Service Funds

Answer: It Depends.  Generally they are included with the Governmental Activities.  However…

Although internal service funds are reported as proprietary funds, the activities accounted for in them are usually more governmental than business-type in nature.  If enterprise funds are

the predominant or only participant in an internal service fund, however, the government should report that internal service fund’s residual assets and liabilities with the business-type activities.  (GASB 34)

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