In GASB reporting, nonmajor funds are presented in fund financial statements in what manner?

• A. In separate columns for each nonmajor fund.
• B. In aggregate amounts in a single column.
• C. They are not reported in the fund statements.
• D. They are reported within the government-wide statements.

Answer: (A)

In GASB fund statements, nonmajor funds are shown with their own columns for each fund, rather than being folded into a single aggregate column. This layout keeps major funds clearly visible in separate columns while still providing detailed visibility for the other funds through individual columns—often in the accompanying combining statements. This disaggregated presentation helps readers see each nonmajor fund’s activity and performance separately, enhancing transparency and comparability without obscuring the major funds' results.