If a city legally adopts its annual general fund budget on the modified accrual basis of accounting, its estimated revenues should be Converted to the cash basis of accounting and reported in the governmental fund statement of revenues, expenditures, and changes in fund balance(s). Reported as current assets in the governmental fund balance sheet. Reported as noncurrent assets in the governmental fund balance sheet. Reported on the modified accrual basis of accounting in a budgetary comparison schedule or statement