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