Which of the following is NOT a part of the basic financial statement?

To understand why the correct choice indicates that "none of the above" is part of the basic financial statements, it’s important to clarify what constitutes a basic financial statement for government entities and similar organizations.

Basic financial statements typically include government-wide financial statements, which provide an overview of the financial status of the entire government. They encompass both the statement of net position and the statement of activities, offering a broad perspective on government operations.

Fiduciary fund financial statements are another essential component. These reports detail the financial activities and the condition of fiduciary funds, which manage resources held by the government in a trustee capacity for others. These funds are an integral part of governmental accounting and offer crucial insights into how these resources are managed.

Additionally, notes to the financial statements play a critical role in enhancing the basic financial statements. They provide necessary disclosures that explain the accounting policies, the nature of the funds, and any significant events that impact the financial position, improving the transparency and understanding of the financial statements.

Thus, none of the options listed falls outside the category of basic financial statements, confirming that all of them are indeed part of the required financial reporting framework. This comprehensive view allows stakeholders to make informed decisions based on accurate and complete financial information.