1.You are reviewing a CAFR. What is the correct order?

a. Notes to the financial statements

Management discussion and analysis

Fund Financial statements

Government-wide financial statements

Required supplementary information other than MD&A

b. GFOA Certificate (it is received one)

Notes to the financial statement

statistical section

Management discussion and analysis

Government-wide financial statements

Fund Financial statements

Required supplementary information other than MD&A

c. Notes to the financial statements

Management discussion and analysis

Government-wide financial statements

Fund Financial statements

Required supplementary information other than MD&A

d. GFOA Certificate (it is received one)

Notes to the financial statement

statistical section

Management discussion and analysis

Government-wide financial statements

Fund Financial statements

Required supplementary information other than MD&A

2. In the capital projects fund, an agency spends $1,000 on new construction of an office building. In the fund, the debit would be to:

a.Building (long-term asset)

b.Cash

c.Expenditures

d.Accounts Payable

3. A state/local electric utility that charges citizens and other residents for electricity (on the basis of electricity used. This is example of which type of fund?

a.General

b.Internal Service

c.Permanent

d.Enterprise