The accompanying Statement of Revenues, Expenditures and Changes in Fund Balance, as well as the Balance Sheet, were prepared using the modified accrual basis of accounting, whereby revenues are reported when they become both measurable and available to finance expenditures of the current period. Expenditures are recognized when the fund liability has been incurred; that is, they will be paid with current financial resources. Game Fund 2020-2021 Revenue Fiscal Year End June 30, 2021 FEBRUARY 2022 45