Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Review the comprehensive annual financial report (CAFR) you obtained. The city I need to use to complete this section is The City of Pembroke Pines,

Review the comprehensive annual financial report (CAFR) you obtained.

The city I need to use to complete this section is The City of Pembroke Pines, Broward County, Florida 2019

1. Per the citys schedule of long-term obligations, what is the total long-term obligation for both governmental business-type activities? Does this amount reconcile with the long-term liabilities as reported on the government-wide statement of net position?

2. In addition to bonds payable, what other kinds of long-term debt for governmental activities did the city report in its statement of net position.

3. Did the city increase or decrease its long-term borrowings during the year? What was the effect on total long-term liabilities at year-end? Explain

4. What is the percentage of total net bonded debt to assessed value of property? What is the amount of net debt per capita?

5. What is the citys legal debt margin?

6. Does the city have any lease obligations outstanding? Are these accounted for as operating or financing leases? Can you determine if any of these leases were initiated during this year? What is the amount of payments related to financing leases?

7. Compute the total amount of the citys direct and overlapping debt?

8. Does the city have outstanding any conduit debt?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting and Auditing Research Tools and Strategies

Authors: Thomas Weirich, Thomas Pearson, Natalie Tatiana

9th edition

1119441915, 1119441919, 978-1-119-3737, 9781119373629 , 978-1119441915

More Books

Students also viewed these Accounting questions

Question

What is meant by organisational theory ?

Answered: 1 week ago

Question

What is meant by decentralisation of authority ?

Answered: 1 week ago

Question

Briefly explain the qualities of an able supervisor

Answered: 1 week ago

Question

Define policy making?

Answered: 1 week ago

Question

Define co-ordination?

Answered: 1 week ago

Question

In what context did the study and teaching of communication begin?

Answered: 1 week ago