Choice "B" is correct. This is the only statement that is not true. Required supplementary information is reported before (MD&A) or after (budget, infrastructure, pension) the basic financial statements. The notes to the financial statements are integral to the financial statements and include important disclosures about the basic financial statements, not the required supplementary information. Separate note disclosures may accompany the schedules that comprise the required supplementary information. These disclosures (and related required supplementary information) would follow the basic financial statements.