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Review the Comprehensive Annual Financial Report

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

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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 ...

Solution Summary

The review of the comprehensive annual financial reports is examined.

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