Review the Comprehensive Annual Financial Report (CAFR) that you obtained from the City of Austin for the year 2017.

1. Did any of the internal service funds report significant operating surpluses or deficits for the year? Were any accumulated significant net asset balances over the years not invested in capital assets?

2. Were any of the governments enterprise funds profitable during the year? If so, what has the government done with the earnings? Has it transferred them to the general fund?

3. Does the government report pension expenses or expenditures? If so, in which fund or funds?

4. Does the government report pension liabilities? If so, in which fund or funds?

5.Does the CAFR indicate the actuarial value of plan assets and liabilities? Are the plans over- or underfunded?