Government financial statements

Assignment Help Accounting Basics

Reference no: EM1357776

Answer the following questions based on Scottsdale, AZ CAFR year ending June 30, 2012.

www.scottsdaleaz.gov/finance/cafr

A. Look at the Statement of Fiduciary Net Assets. Which fund types are included? Is the Statement prepared in a format in which Assets - Liabilities = Net Assets? Are net assets shown as being held in trust for employee benefits and other purposes? Look at the Statement of Changes in Fiduciary Net Assets. Has the government refrained from including agency funds in that statement? Are increases and decreases shown as additions and deductions, rather than revenues and expenses? What are the main additions? What are the main deductions?

B. Are agency funds included in the Statement of Fiduciary Net Assets? If so, look to the notes or combining schedules and list the individual agency funds. Has the government limited itself to agency funds that are held for individuals, organizations, or other governments-not for other government funds? Do agency funds report only assets and liabilities, not net assets? Does the government report a Statement or Schedule of Changes in Assets and Liabilities for agency funds?

C. Can you tell if any of those funds are endowments, and have resources permanently restricted? How much income was generated by each of the private-purpose funds, and how much was released for use? Does the government report escheat property as private-purpose funds? If so, indicate the nature of the process by which property is released and for what purposes.

D. Does the government report investment trust funds? If so, describe the nature of the external investment pool. Which other governments are included? Has your government refrained from including its own investments in the investment trust funds?

F. When the government creates internal investment pools for management purposes, does the government report the individual investments and income from those investments in the funds that provided the resources?

Reference no: EM1357776

Questions Cloud

Explain and suggest the most significant documentation type : Explain and Suggest the most significant type of documentation that should be maintained in an employee's HR file to protect the organization from legal action.

Find the total percentage gain : An investor buys shares in the no-load Go-Go Mutual Fund on January 1st at a NAV of 21.20. At the end of the year the price is 25.40. Also the investor earns .50 cents in dividends and a capital gains distribution of .35 cents.

What is rosies power output : What is Rosie's power output. A long, straight wire carries a current of 44 A. The magnetic field produced by this current at a certain point is 8.0 x10-5 T. How far is the point from the wire.

Discuss generational differences in applicants : Discuss generational differences in applicants and discuss the impact of generational differences on potential job performance.

Government financial statements : Answer the following questions based on Scottsdale, AZ CAFR year ending June 30, 2012.

Illustrate what previous manager done to keep his job : The company rents roller cutters and crimping machines for $16 per hour, and the marginal product of capital is 100 rollers per hour. Illustrate what do you think the previous manager should have done to keep his job.

Origin and treatment of depression : This job examines how depression is often referred to as being endogenous (biological) or reactive (psychological) in origin.

Describe different common types of server applications : Make a list describing different common types of server applications. Show which of these applications you would combine together on a single server.

Explain how the relative speed of the 100baset lans used : Explain how the relative speed of the 100BaseT LANs used at each location compares to accessing the WAN link between the two sites.

User Account

All Pages