Question: • Explain how Cedar Falls follows the Government Accounting Standards Board (GASB) Statement No. 34. Create a brief outline that showcases the flow.
• Read the management discussion and analysis (MD&A) section on page 18 and describe 2 or more significant areas that were addressed by management.
• From the notes of the financial statements starting on page 46, describe which accounting policies are being utilized by the city.
• What did you discover in the statistical section?