Continuing Problems

Review the comprehensive annual financial
report (CAFR) you obtained.
Indicate the activities accounted
for in both internal service funds and major enterprise funds. Comment on
whether any of these activities could also have been accounted for in a general
or other governmental fund.
How are the internal service fund
activities reported in the government‐wide statement of net position? How
are they reported in the proprietary funds statement of net position?
Did any of the internal service
funds report significant operating surpluses or deficits for the year?
Were any accumulated significant net asset balances over the years not
invested in capital assets?
Were any of the government’s
enterprise funds “profitable” during the year? If so, what has the government
done with the “earnings”? Has it transferred them to the general fund?
Does the government have revenue
bonds outstanding that are related to business‐type activities? If so, for
what activities?
Do the financial statements
include a statement of cash flows for proprietary funds? Is the statement
on a direct or an indirect basis? In how many categories are the cash
flows presented? Which of these categories resulted in net cash inflows?
Which resulted in net cash outflows?
What was the total operating
income? What was total net cash provided by operating activities? What
accounts for the largest difference between these two amounts?
Has the city entered into any
service concession arrangements? Which specific ones, and why?

Last Completed Projects