Using the CAFR attached, please answer the following questions: https://dwuconsulting.com/images/CAFR/AUS%202014%20City%20CAFR.pdf

1. How many capital projects funds does the government maintain? How can you tell? Are any of these major funds? If so, for what purposes are they maintained? 2. How many debt service funds does the government maintain? How can you tell? Are any of these major funds? If so, for what types of obligations are they maintained? 3. How are the capital projects and debt service funds reported in the governmentwide statement of net position? 4. Select one of the more recently established (and larger) capital projects funds (a major fund, if there is one). a. From where did the fund receive most of its resources? b. Didthecityacquireorconstructnewcapitalassetsusingresourcesofthisfund?Ifso,inwhatamount? c. Does this fund have any longterm debts associated with it? If so, does the government maintain a debt service fund to account for the resources to service the debt? 5. Did the government issue additional longterm debt to support governmental activities during the year? Did it repay any longterm debt used to support governmental activities? Did it engage in any insub- stance defeasances?

1. What are the principal classes of capital assets associated with governmental activities that the city reports in its financial statements? 2. What was the total amount of capital assets used in governmental activities added during the year? What was the amount retired?

3. What is the citys threshold policy on capitalizing general capital assets and intangible assets? 4. How much depreciation did the government charge in its government-wide statements on capital assets used in governmental activities? 5. Did the government capitalize infrastructure assets acquired during the year? Did it account for infra- structure assets using the standard or the modified approach? 6. Did the government capitalize collections of art or historical treasures? Did it depreciate such collections? 7. Judging from the disclosures pertaining to investments, does the entity have any investments that appear to be especially risky? In your judgment, to which risk (e.g., credit risk, interest rate risk, foreign currency risk) is the exposure of the entity the greatest? 8. Does the government own any unusual securities such as derivatives? If so, does the report contain an explanation of these transactions?