Problem
Look at the city of grand rapids CARF, ended juce 2016 and answer the following question:List the enterprise funds found in your report. Are all of these funds accounted for in the same manner as business organizations? Review the financial condition and operating results of each of the enterprise funds. Are any of the funds operating at a deficit? If so, how is the deficit being financed? Look carefully at transfers to see if enterprise funds are transferring large amounts either in or out. If you find large transfers, carefully review the report to see if you can determine why the transfers were made (for example, to make up a General Fund deficit).