Question :
147. The Comprehensive Annual Financial Report of a local governmental : 1255374
147. The Comprehensive Annual Financial Report of a local governmental unit includes several statements and sections. When a financial analyst is computing ratios and extracting other information, he or she needs to know where in the CAFR to look. Use the following classification to indicate where an analyst would look in the CAFR to compute the ratios and gather information by placing the appropriate letter(s) in the space next to each item. When possible, choose the location in the basic financial statements or notes that would be subject to examination:
a.
Letter of transmittal-introductory section
b.
Management’s Discussion and Analysis
c.
Auditor’s opinion
d.
Government-wide Statement of Net Assets
e.
Government-wide Statement of Activities
f.
Governmental funds Balance Sheet
g.
Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances
h.
Proprietary funds Statement of Net Assets
i.
Proprietary funds Statement of Revenues, Expenses, and Changes in Net Assets
j.
Proprietary funds Statement of Cash Flows
k.
Fiduciary funds Statement of Fiduciary Net Assets
l.
Fiduciary funds Statement of Changes in Fiduciary Net Assets
m.
Notes to the Basic Financial Statements
n.
Required Supplementary Information other than MD&A
o.
Combining and individual fund statements (Other Supplementary
Information)
p.
Statistical Section
Ratios and Other Items:
______
1.
Net debt per capita
______
2.
Net debt to fair value of property
______
3.
Interest coverage-revenue bonds
______
4.
Operating ratio-enterprise funds
______
5.
Governmental revenues per capita
______
6.
Debt service/total governmental revenues
______
7.
Unreserved fund balance/revenues-General Fund
______
8.
Actual expenditures/budgeted expenditures-General Fund
______
9.
Unrestricted net assets-governmental activities/general government expenses-governmental activities
______
10.
Cash expended on capital assets- enterprise activities
______
11.
Summary information regarding overall government financial performance for the year
______
12.
City management organizational chart
______
13.
Unfunded pension liability for the government as a whole
______
14.
Information regarding actual and planned maintenance of infrastructure, when the modified approach is used
______
15.
Debt limit and debt margin
______
16.
Total expenses for interest for a major enterprise fund
______
17.
Assessed value of property
______
18.
Information regarding balances for a nonmajor enterprise fund
______
19.
Schedule of direct and overlapping debt
______
20.
Cash balances in a pension trust fund
