Please answer the following in complete paragraphs:

1. Describe the format of the CAFR.

2. What information is included in the Government Wide Financial Statements?

3.What are the three main Types of Fund Financial Statements?What is the purpose of each fund type?

4. What are 3 types of Governmental fund statement? Why are they used?

5. What types of Supplemental Information are included in the CAFR? Define and describe.

6.What is the MD&A section? What is in the GASB guidelines for the MD&A section of the CAFR?

7. What is the difference between expenses and Expenditures?

8. How are long term assets and long term liabilities accounted for for Governmental funds?