Required financial statements of funds may include the following, among others: 
The financial statements that should be issued by governmental funds and by proprietary funds include the following: 
Definitions:
Bank Discount
What the bank charges to hold a note until maturity (Maturity Value – Proceeds).
Discount Period
The window of time during which a payment can be made at a reduced rate.
Maturity Value
Maturity value is the amount payable to an investor at the end of a debt instrument's holding period or its maturity date, including principal and interest.
Bank Discount
An interest deduction made in advance from a loan amount by the lender, often used in the context of Treasury bills.
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