Governmental Funds (1) How many Governmental Funds are presented as major funds on the financial statements? (2)
Question:
Governmental Funds
(1) How many Governmental Funds are presented as major funds on the financial statements?
(2) What is the amount of the total assets (in thousands) on the Governmental Funds balance sheet (including both major and non-major funds)?
(3) For Governmental Funds, what activity accounted for the largest source of revenue (found on the “Statement of Revenues, Expenditures, and Changes in Fund Balance”)?
(4) For Governmental Funds, what activity accounted for the largest source of expenditure (found on the “Statement of Revenues, Expenditures, and Changes in Fund Balance”)?
(5) Does your entity have any special revenue funds presented on the financial statements as major Governmental Funds?
(6) How many Governmental Funds in total (major and nonmajor) does the city maintain?
(7) Does the city have any permanent funds?
(8) What was the Total Fund Balance on the Governmental Funds Balance Sheet (This is the sum of nonspendable, restricted, committed, assigned, and unassigned fund balances)?
Statistical Section
(1) Who was the largest employer of the entity (if this information is provided)?
(2) Please provide several additional interesting statistical data points from your CAFR. For example, you can list the property tax rate, unemployment rate, per-capital income, etc.
Accounting for Governmental and Nonprofit Entities
ISBN: 978-1259917059
18th edition
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely