Which of the following is true regarding fiduciary funds?

Multiple Choice

• Custodial funds would be report a Statement of Fiduciary Net Position but not a Statement of Changes in Fiduciary Net Position.

• Fiduciary funds are not reported in the fund basis statements because they are from legally separate organizations.

• Fiduciary funds are reported in the fund basis statements but not in the government-wide statements.

• Fiduciary funds are reported in the fund basis statements and in a separate column in the government-wide financial statements.