https://www.cityofwarren.org/images/stories/general/6.30.017_City_of_Warren_CAFR.pdf. I need a solution for the previous questions.

CAFR Project a- Search in Document Home Insert Design Layout References Mailings Review View Share Arial No Spacing Heading 1 Heading 2 Pane 1. Who was the independent auditor? Is the auditor's opinion unqualified? If not, describe the qualification(s). In the Summary of Significant Accounting Policies read the information about the bases of accounting used by the reporting entity. Determine which methods were used by the governmental and proprietary fund types. 2. Which financial statements are included in the General Purpose Financial Statements? Do they agree with the statements discussed in class and in the text? Does the reporting entity report information from Component Units? Is that information "blended" or "presented discretely"? What types of activities are conducted by the Component Units? What is GASB 61 and does the MD&A make mention of this GASB? 3 Look at the General Fund statements from the point of view of a financial analyst. Is the Fund Balance as of the balance sheet date larger or smaller than the Fund Balance at the end of the preceding year? Are reasons for the increase/decrease clear from the statements? What are the reasons? How did the original and final budget project changes in the fund balance for fiscal year 2016? Did the expenditures stay within the budget in all categories? 4. Look at the Capital Projects Fund information. Was there activity in the CPF that was reflected in the changes in the Governmental Fund's Capital Asset Schedule? 5. Look at the Debt Service Fund information. Does the accounting appear to conform with GASB standards for Debt Service funds List any additional disclosures regarding general obligation debt service requirements. What additional information would be helpful in analyzing the debt service function of the entity? 6 Attempt to look at the debt service expenditures from the viewpoint of a financial analyst. A Schedule of Debt Service Requirements to Maturity should appear in the notes to the financial statements. Do the future payments appear reasonable, considering the size of the community and revenues that are currently being raised? 7. Do the notes describe the accounting policy for acquisitions of general fixed assets? Does the disclosure clearly indicate that depreciation expense is not recorded in governmental Page 1 of 2 861 WordsEnglish (US) EFocus- 174% CAFR Project a- Search in Document Home Insert Design Layout References Mailings Review View Share Arial No Spacing Heading 1 Heading 2 Pane 1. Who was the independent auditor? Is the auditor's opinion unqualified? If not, describe the qualification(s). In the Summary of Significant Accounting Policies read the information about the bases of accounting used by the reporting entity. Determine which methods were used by the governmental and proprietary fund types. 2. Which financial statements are included in the General Purpose Financial Statements? Do they agree with the statements discussed in class and in the text? Does the reporting entity report information from Component Units? Is that information "blended" or "presented discretely"? What types of activities are conducted by the Component Units? What is GASB 61 and does the MD&A make mention of this GASB? 3 Look at the General Fund statements from the point of view of a financial analyst. Is the Fund Balance as of the balance sheet date larger or smaller than the Fund Balance at the end of the preceding year? Are reasons for the increase/decrease clear from the statements? What are the reasons? How did the original and final budget project changes in the fund balance for fiscal year 2016? Did the expenditures stay within the budget in all categories? 4. Look at the Capital Projects Fund information. Was there activity in the CPF that was reflected in the changes in the Governmental Fund's Capital Asset Schedule? 5. Look at the Debt Service Fund information. Does the accounting appear to conform with GASB standards for Debt Service funds List any additional disclosures regarding general obligation debt service requirements. What additional information would be helpful in analyzing the debt service function of the entity? 6 Attempt to look at the debt service expenditures from the viewpoint of a financial analyst. A Schedule of Debt Service Requirements to Maturity should appear in the notes to the financial statements. Do the future payments appear reasonable, considering the size of the community and revenues that are currently being raised? 7. Do the notes describe the accounting policy for acquisitions of general fixed assets? Does the disclosure clearly indicate that depreciation expense is not recorded in governmental Page 1 of 2 861 WordsEnglish (US) EFocus- 174%