WAUKESHA COUNTY Waukesha, Wisconsin

WAUKESHA COUNTY, WISCONSININDEX TO NOTES TO FINANCIAL STATEMENTSDecember 31, 2010Page1. Summary of Significant Accounting PoliciesA. Reporting Entity 43B. Government-Wide and Fund Financial Statements 43C. Measurement Focus, Basis of Accounting,and Financial Statement Presentation 46D. Assets, Liabilities, and Net Assets or Equity1. Deposits and Investments 482. Receivables 493. Inventories and Prepaid Items 494. Restricted Assets 505. Capital Assets 506. Other Assets 507. Compensated Absences 518. Long-Term Obligations/Conduit Debt 519. Claims and Judgments 5110. Equity Classifications 5211. Prior Period Information 522. Reconciliation of Government-Wide and Fund Financial StatementsA. Explanation of Certain Differences Between the GovernmentalFund Balance Sheet and the Statement of Net Assets 53B. Explanation of Certain Differences Between theGovernmental Fund Statement of Revenues, Expenditures,and Changes in Fund Balances and the Government-WideStatement of Activities 533. Stewardship, Compliance, and AccountabilityA. Budgetary Information 54B. Excess Expenditures over Appropriations 56C. Deficit Balances 57D. Property Tax Levy Increase Limits 57E. Property Tax Levy Rate Limit 574. Deposits and Investments 585. Receivables 616. Due from Other Governments 647. Long Term Receivables 648. Capital Assets 659. Interfund Receivables/Payables/Advances and Transfers 6741