Solution-What types of debt does the government have

What types of debt does the government have

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NOTES TO THE FINANCIAL STATEMENTS

Question 1: Review the notes for your CAFR (included with the BFS). Are there any notes specifically addressing Capital Projects Funds and what types of information is disclosed in these notes? For example, does the note address projects that have started, were completed, or are continuing during the current accounting period?

Debt Service Fund(s)

Question 2: Are there any major Debt Service Funds reported on the Governmental Funds Balance Sheet in the Fund Financial Statements? If so, list them.

Question 3: Are combining statements presented for nonmajor governmental funds?

a. If so, are any Debt Service Funds reported?

b. If so, identify the Debt Service Funds included in the statements and the total assets of each.

Question 4: From the notes to the financial statements, what types of debt (serial, term, or others) does the government have?

Question 5: Do the notes reflect any defeased debt? If so, what types and in what amounts?

Question 6: Did the governmental unit pay any bond principal in the last fiscal year from the DSF? If so, how much?

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What types of debt does the government have

Reference no: EM132644696

Reference no: EM132644696

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