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CAFR Analysis: enterprise funds, revenue bonds, proprietary

Http://ci.alamogordo.nm.us/Assets/COA+Document/Finance/Annual+Financial+Statement+FY08.pdf

Using the above CAFR answer the following questions:

1. Were any of the government's enterprise funds "profitable" during the year? If so, what has the government done with the "earnings"? Has it transferred them to the general fund?

4. Does the government have revenue bonds outstanding that are related to business-type activities? If so, for what activities?

7. Do the financial statements include a statement of cash flows for proprietary funds? In how many categories are the cash flows presented? Is the statement on a direct or indirect basis?

Solution Preview

The response addresses the queries posted in 397 words with references.

//In this part, we will key out profitable governmental enterprises' funds during the years and will also talk about, the fields, in which, the government invests these earnings. In addition to this, we will also discover, whether, the government has transferred its earnings to the general funds or not. //

The Water and Sewer is a governmental enterprise fund that has been profitable throughout the year. With its respective earnings, the government has paid the amount of loan & interests too. Yes, it has transferred them to the general funds (State of New Mexico City of Alamogordo Independent Auditors' Report and ...

Solution Summary

The response addresses the queries posted in 397 words with references.

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