Continuing Problems CAFR

Please use the attached CAFR file to answer each question with a short answer.
Continuing Problems 1-8Review the comprehensive annual financialreport (CAFR) you obtained.Indicate the activities accountedfor in both internal service funds and major enterprise funds. Comment onwhether any of these activities could also have been accounted for in ageneral or other governmental fund.How are the internal service fundactivities reported in the government‐wide statement of net position? Howare they reported in the proprietary funds statement of net position?Did any of the internal servicefunds report significant operating surpluses or deficits for the year?Were any accumulated significant net asset balances over the years notinvested in capital assets?Were any of the government’senterprise funds “profitable” during the year? If so, what has thegovernment done with the “earnings”? Has it transferred them to thegeneral fund?Does the government have revenuebonds outstanding that are related to business‐type activities? If so, forwhat activities?Do the financial statementsinclude a statement of cash flows for proprietary funds? Is the statementon a direct or an indirect basis? In how many categories are the cashflows presented? Which of these categories resulted in net cash inflows?Which resulted in net cash outflows?What was the total operatingincome? What was total net cash provided by operating activities? Whataccounts for the largest difference between these two amounts?Has the city entered into anyservice concession arrangements? Which specific ones, and why?
Continuing Problems 1-10Review the comprehensive annual financialreport (CAFR) you obtained.Does the government maintain anypermanent funds? If so, are they major or nonmajor funds and for whatpurposes?Does the government maintain anyfiduciary funds? If so, for what purposes?Does the government contribute toone or more pension plans? Are they defined benefit or definedcontribution plans? If they are defined benefit plans, are they singleemployer (maintained by the government itself) or multiple‐employer plans?Does the government reportpension expenses or expenditures? If so, in which fund or funds?Does the government reportpension liabilities? If so, in which fund or funds?Does the CAFR indicate theactuarial value of plan assets and liabilities? Are the plans over‐ orunderfunded?Does the CAFR include thefinancial statements of the pension plans? Does it indicate that thepension plans issue their own reports and that these are publiclyavailable?Did the pension fund investmentshave a “good year”?Does the CAFR indicate that thegovernment provides other postemployment benefits? If so, what is thenature of these benefits? How are they reported?Does the government maintain anycustodial funds? How many and for what purposes?