$($Reporting entity$)$A city created The City Building Authority $($CBA$)$ as a separate legal entity a public benefit corporation.CBA is governed by a five$-$person board appointed for $6-$year terms by the mayor, subject to city council approval. The authority sells tax$-$exempt bonds and uses the proceeds only to finance the construction or acquisition of general capital assets and only for the city. The bonds are secured by a lease agreement with the city and will be retired through lease payments from the city. Is CBA a component unit of the city?If so$,$ how should the city report its financial activities? $($Adapted from GASB Statement $14,$ par. $134)$