In February 2009, the Governmental Accounting Standards Board (GASB) issued Statement No. 54, "Find Balance Reporting and Governmental Fund Type Definitions." This statement changes how a fund balance is classified on the face of the government fund financial statements and refines the definitions for government fund types. The statement's objective is to improve the usefulness of the government fund balance information by providing more clearly defined categories to make the nature of the restrictions more transparent. It also clarifies the existing definitions of government fund types to improve the comparability of government fund financial statements between entities. In this article, the authors look at how GASB Statement 54 affects one's district.