Assume you we recent graduate of Queens College Accounting program and have been hired for budgeting accounting position in the Director of Administration office for the city of New York, NY: You are excited about this position for a variety of racesFirst significant responsibility is associated with this position, and you will be a key individual in both the administration office and the mayor's staff Your specific responsibilities include working on the development of the city's budget and financial statements, along with providing financial informatie die members of the mayor's office. Like many cities in the United States, NYC has some financial challenges volving both sources of revenues and expenditures cated with city operations, including costs related to public safety (police and firefighters) and the education system It is your first week on the job and to orient you to your new position, your supervisor has given you the following assignment. In approaching this assignment you want to do in excellent case analysis to make a favorable for REQUIREMENTS Please use the 2018 Comprehensive A l l Reports CAF case questions. You may download the CAPRI via link https comptrolle the following y of New York r eport s Part Background Questions General Knowledge of Accounting for Municipalities (1) Typically, which branch of the city level of government structure is responsible for managing the city's expenditures within the budget and maintaining the accounting, budget, and financial reporting systems? What financial reports does a municipality need to prepare? What standards guide the preparation of municipal financial reports? (2) Municipalities the modified oral basis of accounting and co m m ent focus to prepare fund fancial statements How does this differ from accounting and measurement focus (3) In the city of New York, who is responsible for developing the budget? How is the budget voted on and implemented? ty Waing the information in Letters of Transmittal for 2018 write aber wary of an event that are related to the city of New York and its financial condition Question n*4 Please use the 2018 Comprehensive Annual Financial Reports (CAFRs) of the city of New York to answer the following case questions. You may download the the CAFRs via link https://comptroller.nyc.gov/reports/comprehensive- annual-financial-reports/ (4) Using the information in Letters of Transmittal for 2018, write a brief summary of an event that are related to the city of New York and its financial condition. Assume you we recent graduate of Queens College Accounting program and have been hired for budgeting accounting position in the Director of Administration office for the city of New York, NY: You are excited about this position for a variety of racesFirst significant responsibility is associated with this position, and you will be a key individual in both the administration office and the mayor's staff Your specific responsibilities include working on the development of the city's budget and financial statements, along with providing financial informatie die members of the mayor's office. Like many cities in the United States, NYC has some financial challenges volving both sources of revenues and expenditures cated with city operations, including costs related to public safety (police and firefighters) and the education system It is your first week on the job and to orient you to your new position, your supervisor has given you the following assignment. In approaching this assignment you want to do in excellent case analysis to make a favorable for REQUIREMENTS Please use the 2018 Comprehensive A l l Reports CAF case questions. You may download the CAPRI via link https comptrolle the following y of New York r eport s Part Background Questions General Knowledge of Accounting for Municipalities (1) Typically, which branch of the city level of government structure is responsible for managing the city's expenditures within the budget and maintaining the accounting, budget, and financial reporting systems? What financial reports does a municipality need to prepare? What standards guide the preparation of municipal financial reports? (2) Municipalities the modified oral basis of accounting and co m m ent focus to prepare fund fancial statements How does this differ from accounting and measurement focus (3) In the city of New York, who is responsible for developing the budget? How is the budget voted on and implemented? ty Waing the information in Letters of Transmittal for 2018 write aber wary of an event that are related to the city of New York and its financial condition Question n*4 Please use the 2018 Comprehensive Annual Financial Reports (CAFRs) of the city of New York to answer the following case questions. You may download the the CAFRs via link https://comptroller.nyc.gov/reports/comprehensive- annual-financial-reports/ (4) Using the information in Letters of Transmittal for 2018, write a brief summary of an event that are related to the city of New York and its financial condition