Please use the attached CAFR file to answer each question with a short answer. C

Please use the attached CAFR file to answer each question with a short answer.
Continuing Problems 1-8
Review the comprehensive annual financial
report (CAFR) you obtained.
Indicate the activities accounted
for in both internal service funds and major enterprise funds. Comment on
whether any of these activities could also have been accounted for in a
general or other governmental fund.
How are the internal service fund
activities reported in the government‐wide statement of net position? How
are they reported in the proprietary funds statement of net position?
Did any of the internal service
funds report significant operating surpluses or deficits for the year?
Were any accumulated significant net asset balances over the years not
invested in capital assets?
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?
Does the government have revenue
bonds outstanding that are related to business‐type activities? If so, for
what activities?
Do the financial statements
include a statement of cash flows for proprietary funds? Is the statement
on a direct or an indirect basis? In how many categories are the cash
flows presented? Which of these categories resulted in net cash inflows?
Which resulted in net cash outflows?
What was the total operating
income? What was total net cash provided by operating activities? What
accounts for the largest difference between these two amounts?
Has the city entered into any
service concession arrangements? Which specific ones, and why?
Continuing Problems 1-10
Review the comprehensive annual financial
report (CAFR) you obtained.
Does the government maintain any
permanent funds? If so, are they major or nonmajor funds and for what
purposes?
Does the government maintain any
fiduciary funds? If so, for what purposes?
Does the government contribute to
one or more pension plans? Are they defined benefit or defined
contribution plans? If they are defined benefit plans, are they single
employer (maintained by the government itself) or multiple‐employer plans?
Does the government report
pension expenses or expenditures? If so, in which fund or funds?
Does the government report
pension liabilities? If so, in which fund or funds?
Does the CAFR indicate the
actuarial value of plan assets and liabilities? Are the plans over‐ or
underfunded?
Does the CAFR include the
financial statements of the pension plans? Does it indicate that the
pension plans issue their own reports and that these are publicly
available?
Did the pension fund investments
have a “good year”?
Does the CAFR indicate that the
government provides other postemployment benefits? If so, what is the
nature of these benefits? How are they reported?
Does the government maintain any
custodial funds? How many and for what purposes?