Question
Santa Monica California City's Long-Term Solvency. General Fund. Look at long-term projects and capital improvements. Are they funding the replacement of equipment, vehicles, technology, buildings,
Santa Monica California City's Long-Term Solvency. General Fund.
Look at long-term projects and capital improvements. Are they funding the replacement of equipment, vehicles, technology, buildings, and infrastructure? Do they have debt (loans that need to be paid back or pension and retiree medical obligations? Go to the ACFR and again find the Balance Sheet for the GF and review the liabilities. Also, look at the footnotes in the ACFR for more detail.
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
