a. Do any of the governments report negative balances of unrestricted net position for governmental activities? For business-type activities?
b. What classifications of program revenues are presented? Do any present more than the minimum required classifications?
c. Do any of the governments present indirect expenses in a separate column?
NOTE: The best way to show this is with an illustration directly from the CAFR (proper citation expected) followed by an explanation.
Search the Internet for the basic financial statements of the CAFR you utilized for all the prior CAFR research problems.
d. Do the governments discuss all required topics in Management’s Discussion and Analysis? Do any include additional topics?
NOTE: The best way to show this is with a table: first column ‘required components’ second column what your CAFR has.
e. What funds are reported as major funds? How many major funds does each government present?
f. What types of reconciling items are included in the reconciliations of fund balance and changes in fund balance in the governmental fund financial statements and net position and changes in net position for governmental activities in the government-wide financial statements?
NOTE: You will have a future assignment specifically about the reconciliation, so an overview here is fine. Government-wide Worksheet Adjustments
g. How do the statements differ from what you expected based on your study of this chapter?
Grading Rubric P13-5
Attach a copy of the Basic financial statements. This should be attached and labeled as an ‘appendix’ ; Do not attach the entire CAFR! 2.5
Proper citations; at least two references were used; plagiarism score below 50% 2.5
Did they provide an explanation and insert a properly referenced image of the governments reporting of negative balances of unrestricted net position for govern- mental activities? For business-type activities? (a) 5
Did they provide an explanation and insert a properly referenced image of what classifications of program revenues are presented and rather or not it had more than the minimum required classifications? (b) 5
Did they provide an explanation and insert a properly referenced image of how the government presented its’ indirect expenses (c) 4
Did they provide an explanation of the topics in Management’s Discussion and Analysis both required and additional?(d) 5
Did they provide a list or snapshot of what funds were reported as major funds and how many major funds the government presented? (e)
Did they briefly discuss the reconciling items for the following statements (f):
Governmental fund financial statements
reconciliations of fund balance and
reconciliation of changes in fund balance
Government-wide financial statements – governmental activities
net position and
changes in net position
Did they organize the content of this assignment using headers, sub headers, and tables/graphs as applicable? 6