Question: Using your city's financial reports, answer the following questions: https://www.hiltonheadislandsc.gov/finance/cafr/ 1. Does your city have any Fiduciary Funds? 2. List them. 3. Are increases and

Using your city's financial reports, answer the following questions:

https://www.hiltonheadislandsc.gov/finance/cafr/

1. Does your city have any Fiduciary Funds?

2. List them.

3. Are increases and decreases shown as additions and deductions rather than revenues and expenses?

4. List the pension funds included in the financial reports.

5. Are these pension funds defined contribution or defined benefit plans?

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