LINK TO CAFR: http://www.naperville.il.us/globalassets/media/finance-documents/budget-audit-reports/cy2016cafr.pdf

a. Review The General Fund column of the balance sheet for governmental funds. What are the Major assets? Liabilities? What categories of Fund Balances are reported?

b. Review the General fund column of the governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances. Prepare a schedule showing percentages of revenues by source. Does your government have significant transfers in or out? Can you identify the fund that provides or receives these resources? Does your government have any other financing sources or uses? Special and/or extraordinary items?

c. Does your government report any special revenue funds as major funds in the governmental fund statements? What are they? What are the major revenue sources? expenditure functions?

d. Review the notes to the financial statements tot determine the measurement focus and basis of accounting used to prepare the governmental fund financial statements. Do the notes describe modified accrual accounting in a manner consistent with this book? Which revenue sources are subject to accrual? Are expenditures generally recognized when goods and services are received? What specific modifications to accrual accounting are mentioned in the notes?

e. Review the General Fund column of the governmental 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 beginning of the year? Are reasons for the change apparent from the statements?

CITY OF NAPERVILLE, ILLINOIS Balance Sheet Governmental Funds December , 2016 ra Service Fund Nonmajor Assets 27,900,864 4,267,790 935,546 Cash and investments Receivables 44,080,617 33,569,303 281,350 4,394,182 taxes 20,742.437 8,559,076 Accrued interest Accounts receivable Customers: 3458,636 564,268 (81,358) 6,729 7.391.674 11,166,605 564,268 (81,358) 41.429 7,391,674 14,177,008 Unbilled, estimated Less allowance for doubtful accounts Loans and installments Due from other funds Due from other governments 2,141,303 Prepai nven Total assets 34,072,666 104,443,801 Liabilities, Deferred Inflows and Fund Balances Liabilities 1.165,839 Accounts payable Accrued wages and benefits Due to other govemmental agencies Due to other funds S 4,912.201 3,658,088 236,036 6,078,136 3,813,878 238,687 876,599 2,418,560 876,599 sits 2.418,560 Contract retainage payable Unearned grant revenues and others 226,411 2,468,524 2,468,524 Total liabilities Deferred inflows of resources: Unavailable revenuc-Property taxes 8,559,07 4,267,790 Total deferred inflows of resources 20.742.4378559.076 4.69033569.303 49.690,098 Total liabilities and deferred outflows of resources 31,967.322 8,559,172 9,163,604 Fund balances Nonspendable: Inventory 6,729 ans or: 3,169,205 3,169,205 Debt service Physical environment Highways, streets and parking facilities Public safety Capital projects Culture and recreation 1,202,573 1,774,589 7,729,777 1,202,573 1,774,589 7,729,777 Committed to Highways, streets and parking facilities 660,548 660,548 sica Assigned to: 2,986,710 Debt service Capital projects 9,089,871 (576,17 24,909,062 2,986.710 9,089,871 26,249,704 26,825,874 26,857.93L Total fund balances Total liabilities, deferred inflows of resources and fund balances S 58,825.253 34,072,666 104,443,801 See accompanying notes to financial statements. CITY OF NAPERVILLE, ILLINOIS Balance Sheet Governmental Funds December , 2016 ra Service Fund Nonmajor Assets 27,900,864 4,267,790 935,546 Cash and investments Receivables 44,080,617 33,569,303 281,350 4,394,182 taxes 20,742.437 8,559,076 Accrued interest Accounts receivable Customers: 3458,636 564,268 (81,358) 6,729 7.391.674 11,166,605 564,268 (81,358) 41.429 7,391,674 14,177,008 Unbilled, estimated Less allowance for doubtful accounts Loans and installments Due from other funds Due from other governments 2,141,303 Prepai nven Total assets 34,072,666 104,443,801 Liabilities, Deferred Inflows and Fund Balances Liabilities 1.165,839 Accounts payable Accrued wages and benefits Due to other govemmental agencies Due to other funds S 4,912.201 3,658,088 236,036 6,078,136 3,813,878 238,687 876,599 2,418,560 876,599 sits 2.418,560 Contract retainage payable Unearned grant revenues and others 226,411 2,468,524 2,468,524 Total liabilities Deferred inflows of resources: Unavailable revenuc-Property taxes 8,559,07 4,267,790 Total deferred inflows of resources 20.742.4378559.076 4.69033569.303 49.690,098 Total liabilities and deferred outflows of resources 31,967.322 8,559,172 9,163,604 Fund balances Nonspendable: Inventory 6,729 ans or: 3,169,205 3,169,205 Debt service Physical environment Highways, streets and parking facilities Public safety Capital projects Culture and recreation 1,202,573 1,774,589 7,729,777 1,202,573 1,774,589 7,729,777 Committed to Highways, streets and parking facilities 660,548 660,548 sica Assigned to: 2,986,710 Debt service Capital projects 9,089,871 (576,17 24,909,062 2,986.710 9,089,871 26,249,704 26,825,874 26,857.93L Total fund balances Total liabilities, deferred inflows of resources and fund balances S 58,825.253 34,072,666 104,443,801 See accompanying notes to financial statements