2. Are above those two financial statements reveal that the statements clearly do conform to the GASB standard. Explain.

mWN OP NEVILLE Balance Sheet December 31, 2020 (unaudited) Am Cash Taxes receivable Investments Due from other governments Land. buildings, and equipment (net of accumulated depreciation of $132,640) Total assets Liabilities and Net Assets Accounts payable Due to other governments Total liabilities Net assetswithout donor restrictions Net assetswith donor restrictions Total net assets Total liabilities and net assets as 1,740 1 8,555 7.468 28,766 _21.5_8_Q $344, 1 09 3 3,892 1 um 1 5,335 299.893 _2.8..18J_ 323,274 $344,109 TOWN OF FORDVILLE Statement of Activities Year Ended December 31, 2020 (unaudited) Revenues Property taxes $ 121,290 Charges for services 3,580 Sewer fees 6,859 Investment income 239 Total revenues 131,968 Expenses Government services 115,958 Sewer services 7,227 Miscellaneous 8,462 Total expenses 131,647 Increase in net assets 321 Net assets, January 1, 2020 327,953 Net assets, December 31, 2020 $ 328,274