1. What are the differences between a cash flows statement prepared for a governmental electric utility versus one prepared for an investor-owned utility?

2. What are five types of information must be presented in Management's Discussion and Analysis

(MD&A)? Which financial statement is each type of information derived from, if any?

3. GASB Statement No. 34 mandates that the government reconcile total governmental fund balances per the fund balance sheet with net assets of governmental activities per the government-wide statements. What are likely to be the two largest reconciling items for most major cities? Why?

1. What are the differences between a cash flows statement prepared for a governmental electric utility versus one prepared for an investor-owned utility? 2. What are five types of information must be presented in Management's Discussion and Analysis (MD\&A)? Which financial statement is each type of information derived from, if any? 3. GASB Statement No, 34 mandates that the government reconcile total governmental fund balances per the fund balance sheet with net assets of governmental activities per the government-wide statements. What are likely to be the two largest reconciling items for most major cities? Why