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Public Assurance Alliance Cumulative Reserve Fund

     
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The "vested balance" should be reported as an asset at the end of the year.

Balance Sheet accounts affected are as follows:

Fund Financial statements: Deposits and Nonspendable Fund Balance

Government-wide financial statements: Deposits (Other Assets) and Restricted Net Asset

The "cumulative reserve balance" will be necessary to complete the notes to the financial statements.

Cash basis entities will not need to report any deposits on their financial statements unless they "modify" their basis of accounting for recording "receivables arising from cash transactions".