Problem:
Http://ci.alamogordo.nm.us/Assets/COA+Document/Finance/Annual+Financial+Statement+FY08.pdf
Using the above CAFR answer the following questions:
Question 1: 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?
Question 2: Does the government have revenue bonds outstanding that are related to business-type activities? If so, for what activities?
Question 3: Do the financial statements include a statement of cash flows for proprietary funds? In how many categories are the cash flows presented? Is the statement on a direct or indirect basis?