Task

Download a copy of the most recent annual comprehensive financial report $($ACFR$)$ for a city$/$county of your choice. Many cities with a population of $25,000$ or more provide Internet access to their ACFRs. Familiarize yourself with the city's ACFR and reread the section in chapter $1$ titled "Financial Reporting of State and Local Governments.

PLEASE DO LEWISVILLE TX$,$IF POSSIBLE $!$

"Questionsa.

Introductory Section. What has the city included in the introductory section of its ACFR? Does it include the items identified in the section of the text titled "Comprehensive Annual Financial Report"? Are other items included? If so$,$ what are they and why are they included?b$.$ Financial Section

$(1)$ Audit Report. Are the financial statements in the report audited by an independent CPA, state auditors, or auditors employed by the government being audited? Does the audit indicate that the financial statements were prepared in accordance with GAAP? Has the city received an unmodified audit report?

$(2)$ Basic Financial Statements. Does the ACFR contain both government$-$wide financial statements and fund statements? How many financial statements have been included as part of the basic financial statements section of the ACFR?

$(3)$ Notes to the Financial Statements. How many notes follow the required basic financial statements? Is there a phrase at the bottom of the basic financial statements indicating that the notes are an integral part of the financial statements?

$(4)$ Other Supplementary Information. Following the notes to the financial statements, does the ACFR provide other supplementary information, such as combining and individual fund statements? $(5)$ Management's Discussion and Analysis $($MD&A$).$ Does the ACFR contain an MD&A$?$ If so$,$ where is it located and what type of information does it contain?c$.$ Statistical Tables. What information has been included in this section of the ACFR?