Using City of Bellevue 2015 Comprehensive Annual Financial Report

1. Do encumbrances that remain outstanding at year-end lapse? That is, do the amounts that will be expended in the following year, when the goods or services are received, have to be re-budgeted in the following year? How can you tell?
2. At what percentage of fair-market-value is real property assessed?
3. How does the city classify its governmental expenditures, by function or by object? Are the classification approximately the same in both the governmental-wide and the fund statements?