Answer the following questions using the Delaware CAFR. Reference to the page number if possible. 1. Was
Question:
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Answer the following questions using the Delaware CAFR. Reference to the page number if possible.
1. Was the state organizational government chart provided? Briefly explain how the state is organized (administration with agencies, legislative, and judiciary).
2.Were there any component units? If so, how many?
3.In the Management?s Discussion and Analysis (MD&A) section, there is a section that discusses the Government-wide Financial Analysis. Briefly explain in your own words some significant results that are highlighted on the Statement of Net Position and Statement of Activities that occurred during the current fiscal year.
4.Explain the difference among net investment in capital assets, unrestricted net position and restricted net position?
5. In the Basic Financial Statement section, list each financial statement provided in the order presented in the section and identify and explain the following:
a) On the statement net position, list the specific accounts and the amounts under Governmental Activities section and explain the following items:
Due from ?
Inventories:
Internal balance
Capital assets (net)
Accounts payable and accrued liabilities
Current portion of long term liabilities
Net Position (indicate how much is net investment in capital assets, how much is restricted and how much is unrestricted)
b) On the statement of net position, is the total net position in the Governmental Activities section listed as a positive or negative number? Interpret briefly what the total represents.
6. Explain the items under the category ?Operating Grants and Contributions?.
7. Explain the items under the category ?Capital Grants and Contributions?.
8. On the statement of activities, did the general revenues and transfers offset the total ?net expense? to provide a positive increase to the fund balance? How much of a positive change resulted? If there was a negative change, how much resulted?
9. Where there any discretely presented component units presented on the statement of activities or the statement of net position? Yes or No. If yes, briefly describe.
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