Define and give examples of the infrastructure assets that

Question

Review the Comprehensive Annual Financial Report (CAFR) for 2013 from the city of Cedar Rapids, Iowa, and answer the following questions.

Explain how Cedar Rapids follows the Government Accounting Standards Board (GASB) Statement No. 34. Create a brief outline that showcases the flow.

Read the management discussion and analysis (MD&A) section on page 18 and describe 2 or more significant areas that were addressed by management.

From the notes of the financial statements starting on page 46, describe which accounting policies are being utilized by the city.

What did you discover in the statistical section?

How is the city doing?

Provide an analysis.

Examine the funds listed under the budget on page 37 and discuss how they are being utilized by Cedar Rapids. Include some examples of items that would be included in these funds and any restrictions that might apply.

By looking at the budget starting on page 81, choose 2 different funds and discuss how they are being utilized by Cedar Rapids. Include some examples of items that would be included in these funds and any restrictions that might apply.

Define and give examples of the infrastructure assets that are held by Cedar Rapids.

Describe the circumstances, and provide the journal entries for the 2 entries that are going in to the general fund.

For example, 1 entry goes into the debt service fund and 1 goes into the capital projects fund.

Answer 1

In order to perform the assignment, you have to review the comprehensive Annual Financial Report (CAFR) for 2013 from the city of Cedar Rapids, Iowa and respond the given questions. Q1. Describe how Cedar Rapids follows the Government Accounting Standards Board (GASB) Statement No. 34. Prepare a brief outline which showcases the flow. Q2. Read the management illustration and assessment (MD&A) section on page 18 and explain 2 or more significant regions which were addressed by management. Q3. From the notes of financial statements beginning on page 46, illustrate which accounting policies are being used by the city. a) Illustrate what did you discover in the statistical part? b) Illustrate how is the city doing? c) Give an assessment. Q4. Analyze the funds listed in the budget on page 37 and illustrate how they are being used by Cedar Rapids. Comprise some illustrations of items that would be comprised in such funds and any limitations that may apply.