Which statement is not included in the financial statements for Proprietary Funds?

The correct choice is the statement related to fiduciary net position. Proprietary funds focus on the operations and financial position of activities that operate like a business and are intended to be self-sustaining. Therefore, their financial statements typically include a Statement of Net Position, which provides a snapshot of assets, liabilities, and net position at a specific point in time; a Statement of Revenues, Expenses, and Changes in Fund Net Position, which details the income generated and expenses incurred; and a Statement of Cash Flows, which outlines cash inflows and outflows from operating, capital, and financing activities.

In contrast, fiduciary funds serve a different purpose, holding and managing resources for others, such as pension plans or trust funds. As a result, fiduciary fund financial statements, including the Statement of Fiduciary Net Position, are not part of the financial reporting for proprietary funds. This distinction is crucial in governmental accounting, as it emphasizes the different functions and financial accountability of the various fund types.