A city created The City Building Authority (CBA) as a seperate legal entity - a public benefit corporation. CBA is governed by a five-person board appointed for 6-year terms by the mayor, subject to city council approval. The authority sells tax-exempt bonds and uses the proceeds to only to finance the construction or acquisition of general capital assets and only for the city. The bonds are secured by a lease agreement with the city and will be retired through lease payments from the city. Is CBA a component unit of the city? If so, how should the city report its financial activities?