Question

Based on the 2016 CAFR of the County of Santa Clara. Please copy link below for required data

https://www.sccgov.org/sites/fin/Controller-Treasurer%20Department/CAFR%20Report/Documents/County%20of%20Santa%20Clara%20CAFR%20FY2016.pdf

and please help answer question #6 of the Continuing Problem found on page 407 in text.

Text: Government and Not-For-Profit Accounting Concepts & Practices; 7^th Edition, Michael H. Granof and Saleha B. Khumawala

ISBN: 1118983270
ISBN-13: 9781118983270

Question:

6. Do the financial statements include a statement of cash flows for proprietary funds? Is the statement on a direct or an indirect basis? In how many categories are the cash flows presented? Which of these categories resulted in net cash inflows? Which resulted in net cash outflows?

Answer 1

6. yes financial statements include cash flows for proprietory funds.

statment is prepared with both the methods . first in direct method and than in indirect method.

cash flows are presented in four categories i.e

1. Cash flows from operating activities:

2.Cash flows from noncapital financing activities

3.Cash flows from capital and related financing activities

4.Cash flows from investing activities

categories resulted in cash inflows are - operating activities and investing activities

categories resulted in cash outflows are -non capital financing activities and capital financing activities