Final answer:
A governmental fund must have significant total assets, liabilities, revenues, or expenditures to be considered major, meaning it represents a considerable portion of the government entity's financial activities.
Step-by-step explanation:
One of the two conditions for funds other than the General Fund to be considered major is that total assets, liabilities, revenues, or expenditures of the individual governmental fund are significant to the overall financial operations of the government entity. This means that to qualify as a major fund, the individual fund must represent a considerable portion of the entity's financial activities. In the context of federal, state, and local governments, the difference between funds classified as major or non-major affects how they report their financial information, with major funds receiving more detailed reporting to provide clarity on significant financial activities.