1) Pass Through Agencies and GASB Investment Reporting
A) What is a "pass-through" agency-fund and under what conditions is it appropriate to use such a fund?
B) GASB standards require that investments be reported at fair value. Explain the GASB reporting requirements related to fair value. How do these requirements differ from reporting requirements for corporate entities?
Provide your reference in APA-Format and your in-text citation.
2) Government Financial Reporting
A) A city manager was overheard saying, "Since we don't release them to the public, I don't see any value in taking the time to prepare interim reports." Explain why you agree or disagree with this statement.
B) Describe how a taxpayer might assess the financial solvency and viability of a government using government-wide financial statements prepared according to generally accepted accounting principles
Provide your reference in APA-Format and your in-text citation.