Questions from Accounting for Government and Non-Profit

Q: Casper County has prepared the following operating statement for its proprietary funds

Casper County has prepared the following operating statement for its proprietary funds. The county has three enterprise funds and two internal service funds. Required: The statement as presented is...

Q: Use the 2012 CAFR for the City and County of Denver to

Use the 2012 CAFR for the City and County of Denver to respond to the following questions. Required: a. Does the City and County of Denver report any internal service funds? If so, identify the inter...

Q: Kaui County has operated a popular oceanside municipal golf course for more

Kaui County has operated a popular oceanside municipal golf course for more than 30 years. Local patrons as well as tourists enjoy reasonable rates in a picturesque setting. Ten years ago, the course...

Q: G ASB standards require that governments report other postemployment benefits offered to

G ASB standards require that governments report other postemployment benefits offered to employees, which in some cases will be huge. To investigate the extent of the problem, examine the required sup...

Q: Policymakers in your state have been talking about shifting from a defined

Policymakers in your state have been talking about shifting from a defined benefit pension plan to a defined contribution pension plan or a hybrid alternative for new state employees. You work for a s...

Q: During FY 2017, the voters of Surprise County approved construction of

During FY 2017, the voters of Surprise County approved construction of a $21 million police facility and an $11 million fire station to accommodate the county’s population growth. The construction wil...

Q: Residents from the Town of Mountain View authorized a $5,

Residents from the Town of Mountain View authorized a $5,000,000 renovation to their historic town hall on November 15, 2016. Financing for the project consists of $2,500,000 from a 5 percent serial b...

Q: The City and County of Denver allocates its governmental fund balances among

The City and County of Denver allocates its governmental fund balances among the classifications specified by GASB standards (see Illustration A2-4). Go to Denver’s Web site and locate its CAFR report...

Q: Following are a number of unrelated transactions for the Village of Centerville

Following are a number of unrelated transactions for the Village of Centerville, some of which affect governmental activities at the government-wide level. None of the transactions has been recorded y...

Q: The City of Amarillo is authorized to issue $8,000

The City of Amarillo is authorized to issue $8,000,000, 3 percent regular serial bonds in 2017 for the construction of a new exit off the interstate highway within city limits. The bonds mature in e...