Discussion Post
Part 1: Introductory/Financial Section
• Was the entity's annual report for the previous year awarded a "certificate of achievement for excellence in financial reporting" by the GFOA?
• Which public accounting firm audited the financial statements? What was the auditor's opinion on the financial statements?
• Did the auditor mention internal controls in their report? Did the auditor provide an opinion on the entities internal controls?
• Was an organizational chart presented? What person, group or entity was at the top of the chart?
Part 2: Governmental Funds
• How many Governmental Funds are presented as major funds on the financial statements?
• What is the total assets amount (in thousands) on the Governmental Funds balance sheet (include both major and non-major funds)?
• For Governmental Funds, what activity accounted for the largest source of revenue (found on the "Statement of Revenues, Expenditures and Changes in Fund Balance")?
• For Governmental Funds, what activity accounted for the largest source of expenditure (found on the "Statement of Revenues, Expenditures and Changes in Fund Balance")?
• Does your entity have any special revenue funds presented on the financial statements as a major Governmental Funds?
• How many Governmental Funds in total (major and non major) does the city maintain?
• Does the city have any permanent funds?
• What was the Total Fund Balance on the Governmental Funds Balance Sheet (This is the sum of nonspendable, restricted, committed, assigned, and unassigned fund balances)?
Part 3: Statistical Section
• Who was the largest employer of the entity (if this information is provided)?
• Provide several additional interesting statistical data points from your CAFR. For example, you can list the property tax rate, unemployment rate, per-capital income, etc.
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.