In 1998, the County implemented GASB Statement 31, "Accounting and Reporting for Certain Investments and for External Investment Pools" which requires that certain investments be reported at fair value with gains and losses included in the earnings on investments. General Fund’s 1998 beginning fund balance is restated to reflect the $33,708 increase in investment earnings. Self-Insured Reserves’ (a proprietary fund) 1998 beginning fund equity is restated to reflect the $2,247 reduction in investment earnings.
Back to 1998 Financial Report