Choose a CAFR from a city, county, or other local government. Review the CAFR and answer the following questions:

a. How many governmental funds does the government have? List the name of one special revenue fund.
b. Does the government have a capital projects fund? For what purpose was it created? Is it a major fund?
c. Does the government use a debt service fund?
d. Does the government use encumbrance accounting? How can you tell?
e. Has the government implemented GASB Statement No. 54? How can you tell?
f. Locate the reconciliations between the fund and government-wide statements. List two reconciling items.
g. Locate the budgetary comparison statement or schedule for the general fund. Comment on the extent of the differences between the original and final budgets.