Question
Select a city in the United States (preferably the city you are residing in) and search the Internet for the most recent ACFR for that
Select a city in the United States (preferably the city you are residing in) and search the Internet for the most recent ACFR for that city. Write an academic paper to analyze and evaluate the ACFR selected. Be sure your paper includes the following:
A brief background on the city selected. Discussion on the ACFRs major components. A brief discussion of the audit report, types of the auditors opinion, and any audit findings. Discussion of the main sources of the entitys revenues, including those from both governmental and business-type activities. Analysis of the government-wide financial statements over a 2-year period (you can use ratio analysis or trend analysis). Discussion of the major reconciling items between the government funds and the government-wide financial statements. Analysis of the governmental funds financial statements. Analysis of the proprietary funds financial statements Evaluation of the pension and OPEB fiduciary financial statements (including analysis of the funding status of these retirements fiduciary funds) Analysis of the budgetary comparison (including identifying areas in the local government that represents over budget spending). Analysis of the major components of the Required Supplementary Information. Discussion of the major components of the statistical section of the ACFR.
A conclusion to summarize your opinion in one or two paragraphs highlighting the financial condition of the entity.
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