Budgetary comparison schedules are affected by perspective differences. A perspective difference is a difference between the GAAP fund structure and the fund structure in the legally adopted budget. If a government has significant budgetary perspective differences, it:
a. Must restate the legally adopted budget to the basis of accounting required by GAAP.
b. May elect to omit the schedules.
c. Must use a format for the schedules based on the structure in the legally adopted budget.
d. Must report budgetary comparisons in a statement as part of the basic financial statements.
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