648 CHAPTER 15 Financial ReportingEducational Buildings Improvement FundGymnasium Debt Service FundPayroll Withholding FundFood Services Enterprise FundCentral Printing Services FundDalen-Fricke-Maynor Tri-County Airport Authority (Enterprise Fund)Maynor County Public Employee Retirement SystemThe Maynor County board of commissioners also serves as the governing board of the MaynorCounty public employee retirement system, and the county appoints the voting majority of theboard of the airport authority. The school board is elected.Indicate the reporting entity fund type (if any) in which each of the funds listed previously for thecomponent units of Maynor County should be reported. Explain the reasons for your answer in detail.P15-4 (Component Unit Identification and Reporting) The relationships between a county andseveral potential component units are outlined as follows.Harrington County is organized under the county executive form of government, as provided bystate law. Under this form of government, the policies concerning the financial and businessaffairs of the county are determined by the County Board of Supervisors. The Board is composedof eight elected members who serve four-year terms. The Board appoints a county executive whois the governments chief administrative officer and executes the Boards policies and programs.All but two of the following component units issue separately audited financial statements. TheSchool Board and Adult Detention Center do not prepare separate financial reports at this time

P15-4 (Component Unit Identification and Reporting) The relationships between a county and several potential component units are outlined as follows. Harrington County is organized under the county executive form of government, as provided by state law. Under this form of government, the policies concerning the financial and business affairs of the county are determined by the County Board of Supervisors. The Board is composed of eight elected members who serve four-year terms. The Board appoints a county executive who is the government's chief administrative officer and executes the Board's policies and programs. All but two of the following component units issue separately audited financial statements. The School Board and Adult Detention Center do not prepare separate financial reports at this time. a. Determine which of the potential component units the county should report as component units in its financial report. Explain the basis for your decision. If additional information is needed to make this determination for a potential component unit, state what information is needed. b. For each component unit, indicate whether it should be blended or discretely reported. Explain. If additional information is needed to make this determination for a potential component unit, state what information is needed. c. For each component unit, indicate whether more detail must be presented in the county's CAFR than the information in the combining component unit financial statements