Download the City of Portlands most recent ACFR.

June

Answer the following questions

How many individual governmental funds does the City maintain?

a How many of them are major and what are their names?

How many proprietary funds does the City maintain?

a How many of them are major and what are their names?

Does the City have any component units? If so please name and describe them.

Does the City have a Permanent Fund? If so please describe its purpose and its primary

activities during the year.

What is the largest noncurrent liability reported on the Statement of Net Position?

What is the largest revenue source for the city reported on the Statement of Activities?

What is the largest expense by function that the primary government incurred that is

classified as a governmental activity as reported on the Statement of Activities?

What is the largest reconciling item on the Reconciliation of the Governmental Funds

Balance Sheet to the Statement of Net Position?

Name and explain one new GASB pronouncement that the City adopted during the most

recent fiscal year.

What is one interesting thing that you learned about the City by reading the MD&A