Financial Reporting Entity Flowchart
(See notes on following page.)
Is the PCU legally
separate?
No
Does the PG hold
the PCU's
\ corporate powers?
/
Not part of this PG
No
1
\
/
2
Yes
Yes
Part of this PG
Did the PG appoint
a voting majority
of the PCU's board?
No
Does the fiscal
\ dependency
/ criterion apply?
No
3
4
Would it be misleading to
\ exclude the PCU because
/ of its relationship
with the PG?
5
No
\ The PCU is not a CU
of/ this reporting entity
Yes
Yes
Yes
Is the PG able to
impose its will on the
PCU?
A
A
See note 8
Are the two boards
\ substantively the
/ same?
6
No
Yes
Is there a financial
benefit/burden
relationship?
Yes
\
/
7
\
/
Blend
Yes
\
/
Blend
9
No
Related organization
Note Disclosure
Yes
No
See note 8
A
Does the CU provide
\ services entirely or
/ almost entirely to the
PG?
10
No
PCU
PG
CU
-
Potential Compenent Unit
Primary Government
Component Unit
EFF DATE
9-1-95
Discrete presentation
11
SUPERSEDES
NEW
APPX
H
SEC
GASB 14
PAGE
3