Which of the following is one of the required government-wide financial statements per GASB?

The Statement of Net Position is indeed one of the required government-wide financial statements as outlined by the Governmental Accounting Standards Board (GASB). This statement provides a snapshot of a government's assets, liabilities, and net position at a specific point in time, effectively answering the question of what the government owns and owes. By presenting this information, the statement helps stakeholders assess the fiscal health and financial position of the government, which is crucial for transparency and accountability in public finance.

This statement is essential for a comprehensive understanding of a government's overall financial status, as it summarizes information that is crucial for decision-making by users, including taxpayers, oversight bodies, and investors. The net position represents the difference between what the government has and what it owes, providing a clear indicator of financial strength or vulnerability.

The other statements listed do not fit as required government-wide financial statements. For instance, while the Statement of Cash Flows provides valuable insights into cash flows within a period, it is not required at the government-wide level. The Statement of Revenues provides details about revenues collected and is more relevant to specific funds rather than a government-wide perspective. Lastly, the Statement of Fund Balance is associated with fund accounting, which focuses on individual funds rather than the entirety of the government's