Answer the following questions based on the Beaufort, South Carolina, Comprehensive Annual Reporting Statements, attached. Part I. 1. Describe the local economy. 2. Who are the auditors? Summarize the audit opinion. 3. What is Beauforts net position as of June 30, 2019? 4. What is the unassigned fund balance as of June 30, 2019? Do you think this balance is too high, too low or just about right? 5. What is Beauforts Bond Rating at June 30, 2019? 6. What are the revenue sources for Governmental Activities? What are the program expenses? 7. Describe the major Governmental funds that Beaufort has. 8. Describe the Major Proprietary Funds Beaufort has. 9. List five nonmajor funds. 10. How much has Beauforts net position increased between 2010 and 2019? 11. Between 2010 and 2019, which year had the highest percentage of levied tax collection? 12. What is the population of Beaufort, South Carolina in 2019? 13. What is the per capita personal income of Beaufort, South Carolina in 2019? 14. How many full-time employees does Beaufort have in 2019? 15. What are the assessed value and market value of real property in 2019?