Obtain a recent comprehensive annual financial report (CAFR) from a state or local government, and note its presentations and disclosures with respect to general capital assets (GCA) and general long-term liabilities (GLTL).
Required
(1) Table of Contents. What indications of GCA and GLTL presentations and disclosures are evident from the CAFR table of contents? (Attach a copy of the table of contents.)
(2) Basic Financial Statements (BFS). Describe the GCA and GLTL information presented in the BFS-including the categories of GCA and GLTL, the relative aggregation or disaggregation of the GCA and GLTL information, and the other significant matters that come to your attention as you review the BFS. (Attach copies of the BFS that include GCA and/or GLTL presentations.)