P15-4 (Component Unit Identification and Reporting) The relationships between a county and several potential component units are outlined as follows. Harrington County is organized under the county executive form of government, as provided by state law. Under this form of government, the policies concerning the financial and business affairs of the county are determined by the County Board of Supervisors. The Board is composed of eight elected members who serve four-year terms. The Board appoints a county executive who is the government's chief administrative officer and executes the Board's policies and programs. All but two of the following component units issue separately audited financial statements. The School Board and Adult Detention Center do not prepare separate financial reports at this time. a. Determine which of the potential component units the county should report as component units in its financial report. Explain the basis for your decision. If additional information is needed to make this determination for a potential component unit, state what information is needed. b. For each component unit, indicate whether it should be blended or discretely reported. Explain. If additional information is needed to make this determination for a potential component unit, state what information is needed. c. For each component unit, indicate whether more detail must be presented in the county's CAFR than the information in the combining component unit financial statements