7. The government-wide statement of net position is prepared using the same measurement focus and basis of accounting as the General Fund balance sheet. True False 8. Recording the annual budget is optional in the General Fund. True False 9. Governments that are temporarily short of cash but that have levied taxes expected to be collectible during the fiscal year are generally able to borrow on short-term notes known as "tax anticipation notes payable." T/ F True False 10. Current financial resources include cash and items such as marketable securities and receivables expected to be converted into cash in the current period or soon enough thereafter to pay current period obligations. True False 11. Property tax revenue is an example of a nonexchange revenue-one in which the government receives value without directly giving equal value in exchange. True False 5. Program revenues are distinguished from general revenues on the government-wide statement of activities under GASB standards. True False