The governing board of the Excel City is also the governing board of Mosquito Abatement District, a businesstype activity that serves only Excel City. The city is legally obligated to fund deficits of the district. Which of the following statements regarding the financial reporting options is false? Group of answer choices The district is a blended component unit and is reported in both the fund financial statements and the governmentwide financial statements. The district is not to be reported as a discretely presented component unit. The district is not subject to major fund reporting criteria. The district may be reported in a separate column on the Proprietary Fund financial statements but would most likely be reported within the businesstype activities column in the governmentwide financial statements