How the government classify its governmental expenditures

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Instructions: Review the Comprehensive Annual Financial Report (CAFR) - Fiscal Year Ended June 30, 2018 - City of Sacramento, California, Sacramento's Future to answer the following questions.

1. How does the government classify its governmental expenditures, by function or by "object?" Are the classifications approximately the same in both the government-wide and the fund statements?

2. How many capital projects funds does the government maintain? How can you tell? Are any of these major funds? If so, for what purposes are they maintained?

3. How many debt service funds does the government maintain? How can you tell? Are any of these major funds? If so, for what types of obligations are they maintained?

Reference no: EM132348256

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