It uses the 2016 CAFR from the City of Pittsburgh found at www.pittsburghpa.gov

Please use this lind for all data! http://apps.pittsburghpa.gov/co/DOCcafr2016.PDF

Question 1

1. What amount of long-term debt is classified as current in the governmental activities?

		There are no long-term liabilities classified as current in the governmental activities.
		$66,173,375
		$67,061,666
		$155,471,592

1 points

QUESTION 2

1. The largest source of financing for the Debt Service Funds comes from:

		Interest and Dividends
		Principal retirement of bonds
		Refunding (issuance of new bonds)
		Taxes
		Transfers from other funds.
		Intergovernmental revenues

1 points

QUESTION 3

1. Which of the following resource inflows would properly be classified as revenue of a debt service fund? (check all that apply)

		Receipt of the premium on a new bond issue.
		Special assessment taxes (government is liable for the obligation).
		Taxes collected by the General Fund and transferred to the Debt service fund.
		Accrual of interest earned, but not yet received on investments of the debt service fund.

1 points

QUESTION 4

1. The city's Debt Service Funds have which of these fund balance classifications (mark all that apply):

		Committed fund balance
		No spendable fund balance
		Assigned fund balance
		Restricted fund balance
		Unassigned fund balance

1 points

QUESTION 5

1. The notes to the financial statements indicates the city has exposure to which of the following types of risk associated with its debt service and other governmental fund investments? (Check all that apply)

		Concentration risk
		Custodial credit risk
		Interest rate risk
		Credit risk

1 points

QUESTION 6

1. Using the schedule showing changes in debt, which statement best describes the amount of Council and Public Election General Obligation Debt sold and retired during the year.

		The city retired more general obligation bonds than it issued.
		The city retired general obligation bonds but did not issue any.
		The city issued general obligation bonds but did not retire any.
		The city issued more general obligation bonds than it retired.

1 points

QUESTION 7

1. Which of the following best describes the outstanding General Obligation Bonds for the city? Hint: Use the notes.

		More bonds were issued with discounts than with premiums which caused an increase in the carrying value of the bonds.
		More bonds were issued with premiums than with discounts which caused a decrease in the carrying value of the bonds.
		More bonds were issued with premiums than with discounts which caused an increase in the carrying value of the bonds.
		More bonds were issued with discounts than with premiums which caused a decrease in the carrying value of the bonds.

1 points

QUESTION 8

1. When the city amortizes a premium on bonds issued it will

		Decrease interest expense
		Increase both interest expenditures and interest expense
		Increase interest expense
		Decrease both interest expenditures and interest expense
		Decrease interest expenditures
		Increase interest expenditures

1 points

QUESTION 9

1. Many entities tax the property of city residents. The largest source of debt burden to the city residents comes from which entity?

		City of Pittsburgh direct debt
		Allegheny County
		Cannot be determined from the CAFR.
		Pittsburgh Water & Sewer Authority
		Pittsburgh School District

1 points

QUESTION 10

1. At the end of 2016, how much more can the city legally borrow (in thousands)?

		$218,682
		$981,482
		$480,065,770
		$1,200,164