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Oklahoma Department of
Wildlife Conservation
Financial Statements
June 30, 2019, and 2018
(With Independent Auditors Report Thereon)OKLAHOMA DEPARTMENT OF WILDLIFE CONSERVATION
FINANCIAL STATEMENTS
Table
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What is balance sheetsgovernmental funds?
Balance sheets for governmental funds provide a snapshot of a government's financial position at a specific point in time, including assets, liabilities, and fund balance.
Who is required to file balance sheetsgovernmental funds?
Governmental entities, such as state and local governments, are required to prepare and file balance sheets for their governmental funds.
How to fill out balance sheetsgovernmental funds?
To fill out balance sheets for governmental funds, governments must list all assets and liabilities, and calculate the fund balance by subtracting total liabilities from total assets.
What is the purpose of balance sheetsgovernmental funds?
The purpose of balance sheets for governmental funds is to provide transparency about a government's financial health and to aid stakeholders in decision-making.
What information must be reported on balance sheetsgovernmental funds?
Balance sheets for governmental funds must report total assets, total liabilities, and the difference between the two, known as the fund balance.
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