Summary of Statement No. 41

Summaries / Status

Summary of Statement No. 41
(Issued 5/03)

This Statement amends Statement No. 34, Basic Financial Statements—and Management’s Discussion and Analysis—for State and Local Governments. The amendment to Statement 34 clarifies the budgetary presentation requirements for governments with significant budgetary perspective differences that result in their not being able to present budgetary comparison information for their general fund and major special revenue funds. These governments are required to present budgetary comparison schedules as required supplementary information (RSI) based on the fund, organization, or program structure that the government uses for its legally adopted budget.

