Exhibit H - Custodial Fund

School Districts Accounting and Reporting Manual

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Help for Exhibit H- Custodial Fund

GASB 84 – Accounting and Financial Reporting for Fiduciary Activities

GASB Statement 84 outlines the specific criteria needed to determine which activities are fiduciary in nature. As there are significant changes resulting from this statement for how local governments and school districts will report items currently being reported as fiduciary in nature, it is important that local governments and school districts assess which activities are fiduciary under the new standards.

For additional information, as well as a questionnaire as to what constituents a fiduciary activity, see OSC GASB 84 Bulletin

(ENTRY 3B) TC5788

Pursuant to GASB 87, this value is for Leases.

(ENTRY 5) TCT021

Include cash from Extra Classroom Activity Funds in this entry.

(ENTRY 22) TCT049

Total Assets is the Sum of TCT021 and TCT048. This figure must agree with Total Liabilities, TCT065.

(ENTRY 31) TCT688

Include liabilities from Extra Classroom Activity Funds in this entry.

(ENTRY 44) TCT065

This figure must agree with Total Assets, TCT049.