How many governmental funds are presented as major funds


Assignemnt

Find the CAFR for the City of Miami, Florida for the year ended September 30th, 2016. The link for this CAFR can be found in this module. Note - this is not Miami Beach, Fl.

o Was the entity's annual report for the previous year awarded a "certificate of achievement for excellence in financial reporting" by the GFOA?

o Which public accounting firm audited the financial statements?

o How many Governmental Funds are presented as major funds on the financial statements (even if they did not technically meet the major fund criteria)?

o What is the total assets amount (in thousands) on the Governmental Funds balance sheet (include both major and non-major funds)?

o For Governmental Funds, what activity accounted for the largest source of revenue (found on the "Statement of Revenues, Expenditures and Changes in Fund Balance")?

o Are any special revenue funds categorized as major Governmental Funds?

o How many Governmental Funds in total (major and non major) does the city maintain?

o Does the city have any permanent funds?

o Who was the largest employer of the entity?

o What was the Total Fund Balance on the Governmental Funds Balance Sheet (This is the sum of nonspendable, restricted, committed, assigned, and unassigned fund balances)?

Format your assignment according to the following formatting requirements:

o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.

o The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.

o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.

Request for Solution File

Ask an Expert for Answer!!
Auditing: How many governmental funds are presented as major funds
Reference No:- TGS03076576

Expected delivery within 24 Hours