nu-cocoon-osc-noon-oeooooatunooouoaooccooooonaIon-caucus-socc-son.-oaa...aean.nun-cocooao-ooo-o-oaocecu-cocoon Review the comprehensive Annual Financial Report (CAFR) that you have obtained. How many capital projects funds does the government maintain? How can you tell? Are any of these major funds? If so, for what purposes are they maintained? How many debt service funds does the government maintain? How can you tell? Are any of these major funds? If so, for what types of obligations are they maintained? How are the capital projects and debt service funds reported in the government-wide statement of net position? Select one of the more recently established (and larger) capital projects funds (a major fund, if there is one). a. From where did the fund receive most of its resources? b. Did the city acquire or construct new capital assets using resources of this fund? If so, in what amount? Does this fund have any longterm debts associated with it? If so, does the government maintain a debt service fund to account for the resources to service the debt? Did the government issue additional longterm debt to support governmental activities during the year?.Did it repay any longterm debt used to support govern mental activities? Did it engage in any iii-substance defeasances? 6. What amount does the city report on its governmen tal funds statements as special assessments z,receivable? What amount does the city report as revenues from special assessments? Do you think the city will have a signicant problem in collecting the special assess ments? Explain. l I NTINUING PROBLEM UOI|IIIIOIOOOIIIIOIDODQOIOIOOOOOIIOOOIhnltittoiilhblOIODOOOIIDOOIQOOCIIIOCI.0D.OI.IIIIOIIIQOOIOIOIOIOIIIIO...... ow the comprehensive annual financial report (CAF R) p - ~ obtained. What are the principal classes of capital assets associw Med with governmental activities that the City reports in its nancial statements? What was the total amount of capital assets used in governmental activities added during the year? What '__ Will the amount retired? _Whnt' is the City's threshold policy on capitalizing [moral capital assets and intangible assets? V ew much depreciation did the government charge in in government-wide statements on capital assets used , . governmental activities? 5. 6. 7. Did the government capitalize infrastructure assets acquired during the year? Did it capitalize such assets acquired in prior years? Did the government capitalize collections of art or historical treasures? Did it depreciate such collections? Judging from the disclosures pertaining to investments, does the entity have any investments that appear to be especially risky? In your judgment, to which risk (e.g., credit risk, interest rate risk, foreign currency risk) is the exposure of the entity the greatest? Does the government: own any \"unusual\" securities such as derivatives? Has it entered into repurchase agreements? If so, does the report contain an explana tion of these transactions? URL https://www.coursehero.com/qa/attachment/2967807