A fund known as an agency fund is used to keep track of the assets held by a government while it is temporarily serving as the agent of another government unit, a private party, or both.
<h3>Do agency funds qualify as fiduciary funds?</h3>
Financial statements for fiduciary funds must be used by governments to report their fiduciary activities. These disclosures disclose four different categories of fiduciary funds in accordance with current regulations: agency funds, investment trust funds, private-purpose trust funds, and pension (and other employee benefit) trust funds.
<h3>Agency money and custodial funds are the same, right?</h3>
The biggest change is that, whereas Agency funds had previously displayed everything in the Statement of Fiduciary Net Position as assets and liabilities, Custodial funds would now display Net Position (the difference between assets and liabilities) where it had not previously been.
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The Connecticut Compromise was an agreement that both large and small states reached during the Constitutional Convention of 1787. The compromise defined, in part, the legislative structure and representation that each state would have under the United States Constitution.
Well, for one, Haiti really didn't have anything to offer the United States. No territory. Nothing to trade. Nothing really. But also, the idea of Africans rising up against an oppressive white government and overthrowing them made the United States very nervous, especially since we, at the time, had institutionalized slavery and a culture that was very much steeped in racism. Basically, we were afraid that if we supported the revolution in Haiti, it would encourage our own slaves to revolt against Southern slaveholders.
The Boston Massacre was the killing of 5 colonists on March 5 1770.
