Review the comprehensive annual financial report

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Question - Review the comprehensive annual financial report (CAFR) Austin Tx obtained.

1. Does the government maintain any permanent funds? If so, are they major or nonmajor funds and for what purposes?

2. Does the government maintain any fiduciary funds? If so, for what purposes?

3. Does the government contribute to one or more pension plans? Are they defined benefit or defined contribution plans? If they are defined benefit plans, are they single employer (maintained by the government itself) or multiple-employer plans?

4. Does the government report pension expenses or expenditures? If so, in which fund or funds?

5. Does the government report pension liabilities? If so, in which fund or funds?

6. Does the CAFR indicate the actuarial value of plan assets and liabilities? Are the plans over- or underfunded?

7. Does the CAFR include the financial statements of the pension plans? Does it indicate that the pension plans issue their own reports and that these are publicly available?

Reference no: EM132850779

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