The third operating statement is the Budgetary Comparison Statement (or Schedule) (see Figure 5).
However, his illustrative operating statement used a pancake format rather than the columnar format.
This research shows how the current governmental reporting standard evolved over time to meet diverse user needs by presenting both government-wide and fund statements, and requiring three governmental operating statements with potentially three different measurement focuses: the Statement of Activities; the Statement of Revenues, Expenditures, and Changes in Fund Balances; and the Budgetary Comparison Schedule.
with an emphasis on governmental operating statements, from the late 1800s to the present by presenting issues and solutions over the years.
Cleveland criticized the lack of true operating statements for most municipalities stating that the published reports of cities contained "little else than exhibits on the flow of cash" [Cleveland, 1909, p.
Based on Cleveland's comments, one can surmise that the earliest operating statements for municipalities were prepared with a focus on cash flows or a cash measurement focus.
The operating statements reveal the importance the committee placed on budgetary reporting.
Both Hylton  and Taussig  believed governmental operating statements should measure the cost of services and be prepared using an economic resources measurement focus (and accrual basis).