Discussion Post
My (Comprehensive Annual Financial Report) is on the Entire STATE OF MAYLAND!
Review:
Accounting Manual for Public School Districts in the State of Washington:
o Review Chapter 3 - Accounting Guidelines
o Review Chapter 4 - General Ledger Accounts
o Review Chapter 6 - Expenditure Accounts
Proprietary Funds
• How many major enterprise funds does the entity maintain (if any)?
• Are all the major enterprise funds operating at a profit (Operating Income)?
• Does the entity maintain any internal service funds (major and/or nonmajor)?
• Do the financial statements include a statement of cash flows for proprietary funds? If so, is the direct method or indirect method used?
Fiduciary Funds
• There are four types of fiduciary funds. Does this entity maintain all four types?
• What are the purposes of the entity's fiduciary funds?
Other
• What is the financial condition of the government you selected?
For example, compare current revenues and expenses with the prior year.
Compare the budgeted amounts with the actual amounts.
Also, look for key issues addressed in the "Management's Discussion and Analysis" section of the CAFR. What do you see that is particularly noteworthy.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.