Please use this link to access the CAFR:

http://docs.southbendin.gov/WebLink/0/edoc/346653/2020%20Annual%20Comprehensive%20Financial%20Report.pdf

Be sure to indicate the CAFR page numbers for each of your answers.

Introductory Section

1. Read the letter of transmittal. Describe three significant items that are discussed.

2. The City received a Certificate of Achievement for Excellence in Financial Reporting for 2019. Why?

Financial Section

1. Are the financial statements independently audited? If so, by whom? Did the City receive a "clean" opinion?

2. What are the titles of the two government-wide financial statements? Are total assets larger for governmental activities or business-typ activities?

3. What financial statements are included for the governmental funds?

4. What financial statements are included for the proprietary funds?

5. What financial statements are included for the fiduciary funds?

6. Scan the notes to the financial statements. How many notes are there? List 5 topics that are covered in the notes and a brief description of each.

7. Does the report state the basis of accounting for the various types of funds?

8. List the names of governmental funds, other than the General Fund, that are included as major funds in the fund financial statements.

9. List the names of the proprietary funds included in the fund financial statements.

10. List the names of the fiduciary funds included in the fund financial statements.

11. Does the report present budgetary comparisons for the General Fund and major Special Revenue Funds?

Statistical Section

1. Does the statistical section present information in the five categories defined by the GASB?

2. Provide a brief description of two of the tables or schedules in each of these categories.