When accounting for defined benefit pensions, the net pension liabilities for police and fire department employees (governmental activities) are: reported in the government-wide statements and reported in the proprietary fund-basis statements.
Trust funds for personal use are used to report trust agreements other than pensions and mutual funds whose capital and income benefit individuals, private organizations, or other governments.
Trust Funds are included in the Basic Fund Statement but are not included in the Government-Wide Statement. Trust funds are reported by fund type.
Trust funds are not included in the general government financial statements. Trust funds include surrogates, pension liabilities (and other employee benefit trusts), private purpose trusts, and mutual fund funds.
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