Search (using city of Austin CAFR Laredo) and download a copy of the most recent comprehensive annual financial report (CAFR) for your assigned city (year 2020). You can find the citys CAFR by doing a Google search. Carefully examine the information in the CAFR, and answer the following questions in adequate details.

a. What types of general revenues are available to cover the net cost of governmental activities? Is the Change in net position positive or negative for the fiscal year for governmental activities, business activities and overall?

b. Is there any transfers between governmental and business type activities, by which direction and how much?

Is there any special items reported in the general revenue session ?