Government and Not for Profit Accounting - City of Austin CAFR 2014 (can provide)

In which section of the Comprehensive Annual Financial Report (CAFR) are the budgettoactual comparisons of the major funds? a. Which accounting basis did the City follow to prepare its annual operating budget? b. Are the actual amounts on a GAAP or a budgetary basis? Do the statements include a reconciliation of any differences between GAAP and budgetary amounts? If so, what are the largest reconciled items? c. Are the reported variances based on the original budget or the yearend amended budget? 2. Does the CAFR include budgettoactual comparisons of nonmajor funds? If so, in what section? 3. Does the government encumber goods or services that have been ordered but have not yet been received? How, if at all, are encumbrances reflected on the governmental fund balance sheet? How, if at all, are they reflected on the governmentwide statement of net position? 4. Do encumbrances that remain outstanding at yearend lapse? That is, do the amounts that will be expended in the following year, when the goods or services are received, have to be rebudgeted in the following year? How can you tell?