Why are budgetary entries recorded in the individual funds of a state or local government?

What are the purpose and financial reporting requirements for the General and Special Revenue Funds? Please include the way the modified basis of accounting is used to account for revenues and expenditures along with the use of budgetary accounts

General purpose financial statements in the public sector provide the following information except *   Financial condition of the entity and changes in it     Information indicating whether resources were obtained and used in accordance with the legally adopted budget     Uses of assets according to nature of expenses     Sources of financing of the entity and how it meets its cash requirements

What measurement focus and basis of accounting should be used by a local government's private-purpose trust fund?     Current financial resources   Modified accrual     Economic resources  Modified accrual     Current financial resources            Accrual     Economic resources          Accrual