The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. All Governmental Fund Types are accounted for using a current financial resources measurment focus. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statments of these funds present increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financing uses) in net current assets. All Proprietary Fund Types are accounted for on a flow of economic resources measurement focus. With this measurement focus, all assets and liabilities associated with this measurement focus, all assets and liabilities associated with the operation of these funds are included on the balance sheet. Fund Equity (i.e., net total assets) is segregated into contributed captial and retained earnings components. Proprietary Fund Type operating statements present increases (e.g., revenues) and decreases (e.g., expenses) in net total assets. The Authority applies all captial GASB pronouncements as well as Financial Accounting Standards Board pronouncements issued on or before November 30, 1989, unless those pronouncements conflict with or contradict GASB pronouncements. All governmental fund types use the modified accrual basis of accounting. The proprietary fund types utilize the accrual basis of accounting. The authority does not use the encumbrance method of accounting.