Skip to content


The Determination of Major Funds (Form DTERM) report identifies which funds must be reported as major funds in the audited financial statements by comparing the assets, deferred outflows of resources, liabilities, deferred inflows of resources, revenues, and expenditures for governmental and enterprise funds to determine which funds meet the ten percent and five percent criteria defined in Governmental Accounting Standards Board (GASB) Statement 34.

To generate this report, double-click on Determination of Major Funds on the Reports menu. All data for this report is extracted using the fund and object code ranges shown on the report. No key entry is required or permitted. To report an additional fund as a major fund, it is only necessary for the LEA to advise the auditor that they want to.