What are the fund types and what are the measurement of focus and basis of accounting?
-Governmental: Measurement of focus is financial resources (fiscal accountability), meaning are current year revenues sufficient to pay for current year expenses; the basis of accounting is modified accural
-Proprietary: Measurement of focus is economic resources (operational accountability), meaning revenues are recorded when earned and expenses are recorded at the time liabilities are incurred. The basis of accounting is full accural.
-Fiduciary: economic resources and full accural