Question: CAFR - General Fund computer with graphics for a report- CAFR iconThis week, we are considering questions related to special revenue and permanent funds. Take

CAFR - General Fund computer with graphics for a report- CAFR iconThis week, we are considering questions related to special revenue and permanent funds. Take some time to review your city's general fund financial statements and report prepare a brief report on your city's general fund.

Consider the following when adding your discussion post: What is the purpose of each of the statements and schedules?

Are any noncurrent liabilities included in the general fund balance sheet? If so, describe them.

Are deferred outflows or deferred inflows of resources reported? If so, are they presented apart from assets and liabilities? What caused these?

Are revenue classifications sufficiently detailed to be meaningful?

Are noncurrent or nonliquid assets included in the general fund balance sheet? If so, are they offset by equal amounts classified as "nonspendable" fund balances?

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