Which financial statement shows the liabilities related to certain obligations in governmental funds?

The governmental fund balance sheet is the financial statement that specifically displays liabilities associated with obligations within the governmental funds. This statement provides a snapshot of the financial position of a government's fund at a specific point in time, listing assets, liabilities, and any resulting fund balances.

Governmental funds operate under a modified accrual basis of accounting, focusing on the inflows and outflows of resources. Liabilities presented in the governmental fund balance sheet typically include accounts payable, accrued liabilities, and other obligations that the fund is responsible for. This detail is crucial for assessing the fiscal health and liquidity of the funds that manage specific governmental activities.

In contrast, the statement of revenues focuses on the inflows of resources and does not present liabilities, while the government-wide statement of net assets provides a broader view of the government's overall financial position, including all funds, not just governmental ones. The statement of cash flows, on the other hand, outlines the cash inflows and outflows within a period but does not specifically categorize liabilities. Thus, the governmental fund balance sheet is essential for understanding a government’s current obligations and its ability to meet them.