Activities where a county holds resources as an agent for entities or individuals outside the county

Activities where a county holds resources as an agent for entities or individuals outside the county, such as sales taxes collected for the state, are categorized as:

ABusiness activities

BProprietary activities

CGovernmental activities

DFiduciary activities

The GAAP hierarchy in state and local government accounting identifies sources of authoritative guidance for:

APreparation of financial statements

BProviding information required by creditors of the governmental unit

CProviding information required by supervisory levels of government

DPreparation of a legal budget

Activities involving the primary services of a county government, such as health and safety, are categorized as:

AGovernmental activities

BFiduciary activities

CBusiness activities

DProprietary activities