We're a small local government that manages and owns a majority in a joint venture. There's a suggestion that we combine the books and treat the JV as a program. Not a problem keeping the information separate within the accounts, except the idea is to move all the cash into one bank account. All I can find in GASB on the subject is trust fund pools, which this isn't. We've only had one fund until now, so I'm not sure if this is a standard practice. Is it standard? And is it a good idea?
- posted
15 years ago