Question - "Refer to the CAFR for the city that you chose in week one. Print a copy of the government-wide statement of activities and a copy of the statement of revenues, expenditures, and changes in fund balances for that city.
The city manager is concerned that some recently elected members of the city council will get a mixed message since the change in net position reported for government activities is noticeably different from the change in fund balances reported on the governmental funds statement of revenues, expenditures, and change in fund balance.
Examine the two operating statements in detail, paying particular attention to the lines on which changes in net position and changes in fund balances are reported. Prepare a 5-7 minute VoiceThread presentation in which you:
1) Develop and present a list of reasons why the two numbers are not the same.
2) Discuss how you feel it would work best to present the purposes of what each operating statement is intended and why the operating results differ between the two statements in a clear and concise way to the city council.