Using the CAFR attached, please answer the following questions: https://dwuconsulting.com/images/CAFR/AUS%202014%20City%20CAFR.pdf

1. Per the citys schedule of long-term obligations, what is the total long-term obligation for both gov- ernmental and business-type activities? Does this amount reconcile with the long-term liabilities as reported on the government wide statement of net position? 2. In addition to bonds payable, what other kinds of long-term debt for governmental activities did the city report in its statement of net position? 3. Did the city increase or decrease its long-term borrowings during the year? What was the effect on total long-term liabilities at year end? Explain. 4. What is the percentage of total net bonded debt to assessed value of property? What is the amount of net debt per capita? 5. What is the citys legal debt margin? 6. Does the city have any lease obligations outstanding? Are these accounted for as operating or capital leases? Can you determine if any of these leases were initiated during this year? What is the amount of payments related to capital leases? 7. Compute the total amount of the citys direct and overlapping debt?

8. Does the city have outstanding any conduit debt?

1. Indicate the activities accounted for in both internal service funds and major enterprise funds. Comment on whether any of these activities could also have been accounted for in a general or other govern- mental fund. 2. How are the internal service fund activities reported in the government-wide statement of net position? How are they reported in the proprietary funds statement of net position? 3. Did any of the internal service funds report significant operating surpluses or deficits for the year? Were any accumulated significant net asset balances over the years not invested in capital assets? 4. Were any of the governments enterprise funds profitable during the year? If so, what has the government done with the earnings? Has it transferred them to the general fund? 5. Does the government have revenue bonds outstanding that are related to business-type activities? If so, for what activities? 6. Do the financial statements include a statement of cash flows for proprietary funds? Is the statement on a direct or an indirect basis? In how many categories are the cash flows presented? Which of these categories resulted in net cash inflows? Which resulted in net cash outflows? 7. What was the total operating income? What was total net cash provided by operating activities? What accounts for the largest difference between these two amounts? 8. Has the city entered into any service concession arrangements? Which specific ones, and why?