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Chapter 11

Granof-5e

Chapter 11

Granof-5e

Criteria for Reporting Entities (Cont’d)

Key criteria as to whether a primary government is financially accountable for another government:

-The primary government appoints a voting majority of the unit’s governing body  (or)

-A majority of the unit’s governing body is composed of primary government officials.

In addition, either one of the following criteria must be satisfied.

-The primary government is able to impose its will upon the potential component unit.

-The component unit is able to provide specific financial benefits to, or impose specific financial burdens on, the primary government.

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