147. The Comprehensive Annual Financial Report of a local governmental unit includes several statements and sections. When a financial analyst is computing ratios and extracting other information, he or she needs to know where in the CAFR to look. Use the following classification to indicate where an analyst would look in the CAFR to compute the ratios and gather information by placing the appropriate letter(s) in the space next to each item. When possible, choose the location in the basic financial statements or notes that would be subject to examination:
a.
b.
Management’s Discussion and Analysis
c.
Auditor’s opinion
d.
Government-wide Statement of Net Assets
e.
Government-wide Statement of Activities
f.
Governmental funds Balance Sheet
g.
Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances
h.
i.
j.
k.
Fiduciary funds Statement of Fiduciary Net Assets
l.
Fiduciary funds Statement of Changes in Fiduciary Net Assets
m.
Notes to the Basic Financial Statements
n.
Required Supplementary Information other than MD&A
o.
Combining and individual fund statements (Other Supplementary
Information)
p.
Statistical Section
Ratios and Other Items:
______
1.
Net debt per capita
2.
Net debt to fair value of property
3.
Interest coverage-revenue bonds
4.
Operating ratio-enterprise funds
5.
Governmental revenues per capita
6.
Debt service/total governmental revenues
7.
Unreserved fund balance/revenues-General Fund
8.
Actual expenditures/budgeted expenditures-General Fund
9.
Unrestricted net assets-governmental activities/general government expenses-governmental activities
10.
Cash expended on capital assets- enterprise activities
11.
Summary information regarding overall government financial performance for the year
12.
City management organizational chart
13.
Unfunded pension liability for the government as a whole
14.
Information regarding actual and planned maintenance of infrastructure, when the modified approach is used
15.
Debt limit and debt margin
16.
Total expenses for interest for a major enterprise fund
17.
Assessed value of property
18.
Information regarding balances for a nonmajor enterprise fund
19.
Schedule of direct and overlapping debt
20.
Cash balances in a pension trust fund
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