Question

The comprehensive annual financial report (CAFR) is prepared by every governmental entity. Below is a listing...

The comprehensive annual financial report (CAFR) is prepared by every governmental entity. Below is a listing of the items in the CAFR. Place them in the proper order by numbering them in the space provided. (Assign a numeral from 1 to 12 (i.e., "1", "2") in each indicated cell.)

Balance sheet - governmental funds
Management’s discussion and analysis (MD&A)
Required supplementary information (other than MD&A)
Government-wide statement of activities
Statement of revenues, expenses, and changes in net position - proprietary fund
Reconciliation of the balance sheet of governmental funds to the statement of net assets, governmental activities
Notes to financial statements
Reconciliation of the statement of revenues, expenditures, and changes in fund balance to the statement of activities, governmental activities
Statement of net position - proprietary funds
Statement of revenues, expenditures, and changes in fund balances - governmental funds
Statement of cash flows
Government-wide statement of net position

Homework Answers

Answer #1

Solution:-

4 Balance sheet - governmental funds
1 Management’s discussion and analysis (MD&A)
12 Required supplementary information (other than MD&A)
3 Government-wide statement of activities
9 Statement of revenues, expenses, and changes in net position - proprietary fund
5 Reconciliation of the balance sheet of governmental funds to the statement of net assets, governmental activities
11 Notes to financial statements
7 Reconciliation of the statement of revenues, expenditures, and changes in fund balance to the statement of activities, governmental activities
8 Statement of net position - proprietary funds
6 Statement of revenues, expenditures, and changes in fund balances - governmental funds
10 Statement of cash flows
2 Government-wide statement of net position

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Indicate which financial statements must be included in the comprehensive annual financial report (CAFR) in each...
Indicate which financial statements must be included in the comprehensive annual financial report (CAFR) in each set of fund statements or government-wide statements by clicking the corresponding boxes. If an item does not apply, leave the corresponding box blank. You may check more than one box for each item. Financial statement Governmental funds Proprietary funds Fiduciary funds Government-wide 1. Balance sheet 2. Statement of activities 3. Statement of cash flows 4. Statement of changes in fiduciary net position 5. Statement...
Find the 2016 Basic Financial Report for the City of Maumee before you begin this assignment....
Find the 2016 Basic Financial Report for the City of Maumee before you begin this assignment. Go to www.maumee.org Click on the "City Departments" green button on the left side of the page. Select "Finance" from the list on the left and then “Annual Report” from the drop down box. Click on "2016 Basic Financial Report" under the Current Reports Heading on the right. QUESTION 1 Fiscal accountability can best be assessed by which of these financial statements? Statement of...
CAFR Mini-Project Goal To research and analyze the Comprehensive Annual Financial Report of a US city...
CAFR Mini-Project Goal To research and analyze the Comprehensive Annual Financial Report of a US city with a population of at least 100,000. Choose your City Download the most recent CAFR of a city with at a population of at least 100,000. Most cities publish CAFR’s online in .pdf form and a simple Google search (i.e. a search for “Seattle CAFR” or “Boise CAFR”) will usually find them. CAFR Research – Answer the following (all should be included somewhere in...
For each of the items below, using the Model City financial statements: Provide the $ and...
For each of the items below, using the Model City financial statements: Provide the $ and state which statement you found the information (i.e.Statement of Activities – Government-wide or Governmental Funds Balance Sheets, etc): Total Assets for Total Government Activities   Total Assets for Business-Type Activities Total Net Position for Total Government Activities   Total Net Position for Business-Type Activities Fund balance ending for Governmental Funds General Revenues: Property taxes, levied for general purposes Expenses for Total Governmental Activities Total Assets in...
Find the 2016 Basic Financial Report for the City of Maumee before you begin this assignment....
Find the 2016 Basic Financial Report for the City of Maumee before you begin this assignment. Go to www.maumee.org Click on the "City Departments" green button on the left side of the page. Select "Finance" from the list on the left and then “Annual Report” from the drop down box. Click on "2016 Basic Financial Report" under the Current Reports Heading on the right. QUESTION 1 Compare the total assets of the governmental activities and the total assets of the...
For each item listed in the left hand column of the table below, choose the letters...
For each item listed in the left hand column of the table below, choose the letters associated with the financial statement(s) that should be prepared for that item. (Note that the letters may be used more than once.) Items Financial Statements General Fund Government-Wide Pension Trust Fund Water Enterprise Fund Permanent Fund a. Statement of Revenues, Expenditures, and Changes in Fund Balance b. Statement of Net Position c. Statement of Fiduciary Net Position d. Statement of Activities e. Statement of...
The year-end balance of amounts due from an enterprise fund to the general fund is reported...
The year-end balance of amounts due from an enterprise fund to the general fund is reported A. only on the government-wide statement of net position. B. on the government-wide statement of net position and on the balance sheet of governmental funds. C. on none of the financial statements. D. only on the balance sheet of governmental funds.
Prepare the reconciliation of total fund balance to net assets for governmental activities for the following...
Prepare the reconciliation of total fund balance to net assets for governmental activities for the following City, given the following information. All governmental funds' fund balances $13,000,000 Deferred revenue related to property taxes 2,000,000 Accrued interest on long-term liabilities 1,200,000 General capital assets 10,800,000 Accumulated depreciation on capital assets 4,100,000 General long-term liabilities: Bonds payable for capital assets 5,700,000 Liability for compensated absences 3,200,000 Internal service fund serving governmental activities Net assets 3,000,000 Capital assets net of accumulated depreciation 1,700,000...
The following information has been provided for the City of Elizabeth for its fiscal year ended...
The following information has been provided for the City of Elizabeth for its fiscal year ended June 30, 2017. The information provided relates to financial information reported on the city’s statement of net position and its total governmental funds balance. Revenues accrued but unavailable to pay the current period expenditures$364,600 Capital assets 641,600   Accumulated depreciation on capital assets 356,800    Accrued interest on bonds and long-term notes payable 2,900   Bonds and long-term notes payable 177,600    Unamortized premium on bonds payable 2,400   Compensated...
Characteristics of Proprietary Funds. (LO7-1) For each of the phrases below, indicate whether the statement is...
Characteristics of Proprietary Funds. (LO7-1) For each of the phrases below, indicate whether the statement is consistent with an Enterprise Fund (“EF”), an Internal Service Fund (“ISF”), both (“B”), or neither (“N”). _____1. Uses accrual accounting. _____2. Uses modified accrual accounting. _____3. Generally reported within the Business-type activities column of the government-wide statement of net position. _____4. Generally reported within the Governmental Activities column of the government-wide statement of net position. _____5. Required by the GASB to prepare a statement...