Review the Comprehensive Annual Financial Report
Not what you're looking for?
Review the Comprehensive Annual Financial Report
(CAFR) from
http://www.ofm.wa.gov/accounting/financial.asp
1. How many capital projects funds does the government
maintain? How can you tell? Are any of these major
funds? If so, for what purposes are they maintained?
2. How many debt service funds does the government
maintain? How can you tell? Are any of these major
funds? If so, for what types of obligations are they
maintained?
3. Are the capital projects and debt service funds reported
upon in the government-wide statement of net assets?
If so, how?
4. Select one of the more recently established (and larger)
capital projects funds (a major fund, if there is one).
a. From where did the fund receive most of its resources?
b. Did the city acquire or construct new capital assets
using resources of this fund? If so, in what amount?
c. Does this fund have any long-term debts associated
with it? If so, does the government maintain a debt
service fund to account for the resources to service
the debt?
Did the government issue additional long-term debt
to support governmental activities during the year? Did it
repay any long-term debt used to support governmental
activities? Did it engage in any in-substance defeasances?
http://www.ofm.wa.gov/accounting/financial.asp
Purchase this Solution
Solution Summary
The review of the comprehensive annual financial reports is examined.
Solution Preview
1. How many capital projects funds does the government maintain? How can you tell? Are any of these major funds? If so, for what purposes are they maintained?
The State of Washington maintains the following capital projects funds:
a. State facilities fund - accounts for the construction and remodeling of public facilities
b. Higher education facilities fund - accounts for the acquisition, construction, and remodeling of higher education facilities
This information is provided in the nonmajor capital projects section of the CAFR.
2. How many debt service funds does the government maintain? How can you tell? Are any of these major funds? If so, for what types of obligations are they maintained?
The State of Washington maintains the following debt service funds, which are ...
Purchase this Solution
Free BrainMass Quizzes
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Operations Management
This quiz tests a student's knowledge about Operations Management
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.