Fund, what would you want to know in addition to the information disclosed in the financial

statements?

712.1nternal Service Fund Reporting. (LOLZ) Financial statements for the Building Maintenance Fund, an internal service fund of Coastal City, are reproduced here. No further information about the nature or purposes of this fund is given in the annual report. COASTAL CITY BUILDING MAINTENANCE FUND Sheet As of December 31 Assets: Ca91 and nwstments Inventors' Prepaid Llabllltles and Fund Equity L ian C'tner Accrue-a arnual leaw Fun' Fund Fund Toal liabilities, on' tund COASTAL MAINTENANCE 4 79 coo 35.675 377.143 Page 296 Statement o' Revenues. Expenditures. and In Fumi galance Year En&d Billlnos to (lepavt,menls Total revenues Expend'tures: Stis-vlles and dcots Total O.cess ot revenues cuer expendltuves Funcl balanceJamar; 81 Required 31 '0930M 77 'D.8ss.'47 81030 a. Assuming that the Building Maintenance Fund is an internal service fund, discuss whether the financial information is presented in accordance with GASB standards. b. If you were the manager of a city department that uses the services of the Building Maintenance Fund, what would you want to know in addition to the information disclosed in the financial statements?