Take some time to reviewFairfield city in California general fund financial statements andreportprepare a brief report on the city of Fairfield general fund.

Consider the following questions:

What is the purpose of each of the statements and schedules?

Are any noncurrent liabilities included in the general fund balance sheet? If so, describe them.

Are deferred outflows or deferred inflows of resources reported? If so, are they presented apart from assets and liabilities? What caused these?

Are revenue classifications sufficiently detailed to be meaningful?

Are noncurrent or nonliquid assets included in the general fund balance sheet? If so, are they offset by equal amounts classified as "nonspendable" fund balances?

Please use the link below to access the city of Fairfield Comprehensive annual financial report (CAFR) to answer the above-listed questions.

https://www.fairfield.ca.gov/gov/depts/finance/cafr_audited_financial_reports/default.asp