rewriting

9-16

Examine the CAFR. Utilizing the CAFR obtained for Exercise 1-16 and your answers to the questions asked in Exercise 1-16 and the corresponding exercises in Chapters 2 through 8, comment on the following:

a. Analysis of Introductory Section. Does the report contain all of the introductory material recommended by the GASB? Is the introductory material presented in such a manner that it communicates significant information effectively—do you understand what the government is telling you? -Yes

On the basis of your study of the entire report, do you think the introductory material presents the information fairly? Comment on any information in the introductory section you feel is unnecessary, and explain why.

-The details about what the accounting information needed is used for is good information since I am studying accounting I found it be quite useful.

b. Analysis of Financial Statements.

1. Do the statements, notes, and schedules in the financial section present the information required by the GASB? - Yes, the schedules in the financial section represents the information that is required by GASB.

Are Total columns provided in the basic financial statements and schedules for the primary government and the reporting entity? If so, are the Total columns for the current year compared with Total columns for the prior year?

-Yes, in the schedules, totals for the previous year are presented with current year totals.

2. Review your answers to the questions asked in Exercises 3-15 and 4-15 in light of your study of subsequent chapters of the text and your analysis of all portions of the annual report. Based on your current knowledge and understanding of government accounting, would you change or modify any of your earlier answers? If so, explain how you would change them and why you would change them.

- I don’t think it would need to be changed. It all followed the GASB. It was

clear to where the readers would understand and get the necessary information

they need out of it.

c. Analysis of Statistical Section. Does the statistical section present information in the five categories defined by the GASB? -Yes

What tables and schedules are presented for each category? Does the information provided in each category appear to meet the purpose of the category? Explain your response.

-The Financial Trends tables that were contained within are The Net Position by Component and changes in net position, fund balances, and changes in governmental funds for the last ten fiscal years. The revenue capacity is made known in the Assessed Value and Estimated Actual Value of Taxable Property for the last ten fiscal years, the Property Tax Rates and Levies Direct and Overlapping Governments last ten fiscal years, Principal Property Taxpayers Current and nine years ago, as well as Property Tax Levies and Collections for the last ten fiscal years. Expenditures, & Changes in Fund Balances, Statement of Net Assets, statement of cash flows.