Financial is the in the city of Austins, texas CAFR September 30, 2017
Financials are in the CITY OF AUSTIN, TEXAS COMPREHENSIVE ANNUAL FINANCIAL Report Year Ended September 30, 2017 CONTINUING PROBLEM Review the comprehensive annual financial report (CAFR) you obtained. 1. What are the principal classes of capital assets associated with governmental activities that the city reports in its financial statements? 2. What was the total amount of capital assets used in governmental activities added during the year? What was the amount retired? 3. What is the city's threshold policy on capitalizing general capital assets and intangible assets? 4. How much depreciation did the government charge in its government-wide statements on capital assets used in governmental activities? 5. Did the government capitalize infrastructure assets acquired during the year? Did it account for infrastructure assets using the standard or the modified approach? 6. Did the government capitalize collections of art or historical treasures? Did it depreciate such collections? 7. Judging from the disclosures pertaining to investments, does the entity have any investments that appear to be especially risky? In your judgment, to which risk (e.g., credit risk, interest rate risk, foreign currency risk) is the exposure of the entity the greatest? 8. Does the government own any "unusual securities such as derivatives? If so, does the report contain an explanation of these transactions? Financials are in the CITY OF AUSTIN, TEXAS COMPREHENSIVE ANNUAL FINANCIAL Report Year Ended September 30, 2017 CONTINUING PROBLEM Review the comprehensive annual financial report (CAFR) you obtained. 1. What are the principal classes of capital assets associated with governmental activities that the city reports in its financial statements? 2. What was the total amount of capital assets used in governmental activities added during the year? What was the amount retired? 3. What is the city's threshold policy on capitalizing general capital assets and intangible assets? 4. How much depreciation did the government charge in its government-wide statements on capital assets used in governmental activities? 5. Did the government capitalize infrastructure assets acquired during the year? Did it account for infrastructure assets using the standard or the modified approach? 6. Did the government capitalize collections of art or historical treasures? Did it depreciate such collections? 7. Judging from the disclosures pertaining to investments, does the entity have any investments that appear to be especially risky? In your judgment, to which risk (e.g., credit risk, interest rate risk, foreign currency risk) is the exposure of the entity the greatest? 8. Does the government own any "unusual securities such as derivatives? If so, does the report contain an explanation of these transactions
