Use the 2019 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 internal service funds found in its financial statements and the primary purpose of each one.

b. Does the City and County of Denver use any enterprise funds? If so, identify the major funds found in its financial statements and the primary purpose of each one. If there are any nonmajor funds that are named, identify them.

c. The statement of net position for the Golf Course shows a negative unrestricted net position balance. What are the implications of a negative unrestricted net position? By what amount did the Golf Course’s unrestricted net position change between 2018 and 2019?

d. What is the largest expense (operating or nonoperating) for the Denver Airport System?

e. For both the Wastewater and Denver Airport Systems, operating income was significantly lower than cash flows from operations. What is the largest adjustment in the reconciliation of operating income to operating cash flows for each fund?

f. Do any of the enterprise or internal service funds use leases? How do you know?

g. What type of fund is the Workers’ Compensation fund? What is the most significant reconciling item between operating income and cash flows from operations? Does it appear that the fund’s charges are appropriate compared to the expenses?