How many governmental funds are presented as major fund

Assignment Help Accounting Basics

Reference no: EM132650359

Question (1) Was the entity's annual report for the previous year awarded a "certificate of achievement for excellence in financial reporting" by the GFOA?

Question (2) Which public accounting firm audited the financial statements?

Question (3) How many Governmental Funds are presented as major funds on the financial statements (even if they did not technically meet the major fund criteria)?

Question (4) What is the total assets amount (in thousands) on the Governmental Funds balance sheet (include both major and non-major funds)?

Question (5) For Governmental Funds, what activity accounted for the largest source of revenue (found on the "Statement of Revenues, Expenditures and Changes in Fund Balance")?

Question (6) Are any special revenue funds categorized as major Governmental Funds?

Question (7) How many Governmental Funds in total (major and non major) does the city maintain?

Question (8) Does the city have any permanent funds?

Question (9) Who was the largest employer of the entity?

Question (10) What was the Total Fund Balance on the Governmental Funds Balance Sheet (This is the sum of nonspendable, restricted, committed, assigned, and unassigned fund balances)?

Attachment:- GFAO.zip

Reference no: EM132650359

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