$1.$ Please compare the functional categories used on both Statement of Operations $($Income Statement$)$ and cite two differences between the two.

$2.$ How are the revenues reported in the financial statements on the Statement of Operations? Please cite two differences between Prince Albert and Estevan.

$3.$ Briefly describe the benefit of including other entities in the consolidated financial statements. Identify the page number in each of Prince Albert and Estevan$$s financial statements where they list the consolidated entities and one difference between the entities presented.

$4.$ Please identify two differences between the two municipality$$s tangible capital asset useful lives.

$5.$ Does either municipality provide a schedule of segment disclosure where they disclose the revenues by functional area against the expenses by functional area? $($i$.$e$)$ all revenues and expenses associated with General Government. What is the benefit of providing a segmentation disclosure by functional area? City of Prince AlbertCONSOLIDATED STATEMENT OF OPERATIONS AND

ACCUMULATED SURPLUS

For the Year Ended December $31,2021$

REVENUE

Taxation $($Note $11)$

User charges and fees

Operating grants and donations

Grants$-$in$-$lieu$-$of$-$taxes $($Note $12)$

Interest and penalties

Land sales

Sundry

EXPENSES

General Fund

General government

Community services

Transportation services

Protective services $-$ Fire services

Protective services $-$ Police services

Sanitation Fund

Water Utility Fund

Land Fund

Airport Fund

Consolidated entities $($Note $1)$

$($DEFICIT$)$ SURPLUS OF REVENUES OVER

EXPENSES BEFORE CAPITAL

TRANSACTIONS

Capital revenue

Loss on disposal of tangible capital assets

$($DEFICIT$)$ SURPLUS OF REVENUES OVER

EXPENSES

ACCUMULATED SURPLUS, BEGINNING OF YEAR

ACCUMULATED SURPLUS, END OF YEAR

See accompanying notes.City of Estevan

Consolidated Statement of Operations

As at December $31,2021$

Statement $2$

$2021$ Budget

$2021$

$2020$

REVENUES

EXPENSES

The accompanying noves and schedules are an integral part of these statements.