Obtain a copy of a recent comprehensive annual financial report (CAFR) of a state or local government

Question:

Obtain a copy of a recent comprehensive annual financial report (CAFR) of a state or local government from the government, the Internet, your instructor, or a library. You should supplement your responses with copies of relevant CAFR pages.

fav) . Letter of Transmittal. Review the capital projects—related discussions and presentations.
Which were the most significant general government capital projects? Which planned capital projects (if any) were discussed?
Management’s Discussion and Analysis. What discussions and analysis relate to general capltal assets?
Financial Statements. What were the major types of Capital Projects Funds revenues, other financing sources, expenditures, and other financing uses? Were any reported that were not discussed in Chapter 7 or in earlier chapters? Discuss.
. Narrative Explanations. Which individual Capital Projects Funds were reported? (Attach a photocopy of the narrative explanations.) Were any of these funds different from those you expected based on your study of Chapter 7? Explain.

e. Combining and Individual Fund Statements. Review the combining and individual fund statements for the Capital Projects Funds. What additional information is more apparent than in the basic financial statements?
Statistical Section. What information in the statistical section might be relevant in planning and financing future general government capital projects?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Governmental And Nonprofit Accounting Theory And Practice

ISBN: 9780132552721

9th Edition

Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,

Question Posted: