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Governmental Accounting Standards Board Statement No. 84. The District implemented GASB Statement No. 84, Fiduciary Activities, which establishes criteria for identifying and reporting fiduciary activities of all state and local governments. The focus of the criteria generally is on (1) whether a government is controlling the assets of the fiduciary activity and (2) the beneficiaries with whom a fiduciary relationship exists. Governments with activities meeting the criteria should present a statement of fiduciary net position and a statement of changes in fiduciary net position. The District considers the school internal accounts fund and ABC Program fund to meet the criteria for reporting

as fiduciary activities in the custodial funds. As such, the beginning net position of the custodial funds was increased by $9,663,480.