Question

1. Does the Town of Cary, NC maintain any permanent funds? Yes or No If so, are they major or non-major funds? For what purpose?

2. Does the Town of Cary, NC maintain any fiduciary funds? Yes or No For what purpose?

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

4. Does the Town of Cary, NC report pension expenses or expenditures? If so, in which fund or funds?

5. Does the Town of Cary, NC 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 plan? Yes or No Does the CAFR indicate that the pension plans issue their own reports? Yes or No Are these publicly available? Yes or No

8. Did the pension investments have a “good year”? Yes or No

9. Does the CAFR indicate that the Town of Cary provides other postemployment benefits? Yes or No. If so, what is the nature of these benefits? How are they reported?

10. Does the Town of Cary, NC maintain any custodial funds? Yes or No How many? For what purposes?

Very strange I found the Chegg solution book and some answers in Chegg but you are saying the question is incomplete and you need more info. The other also uploaded the question the same as I did and got the answer.

(Government and Not-for-Profit Accounting: Concepts and Practices) here in chapter 10, you can find the questions. But I already solve the questions.
Thank you

Answer 1

For other parts ask again.