You will need the Village Officer's Handbook Appendix A 1 as well as the financial statements for the year ended June 30, 2016 for the City of Detroit Financial Statements can be found at www detroitmi gov Type CAFR into the search box http www detroitmi gov Portals 0 docs finance cafr FY16 20City 20of 20Detroit 20CAFR pdf QUESTION 1 Using the government wide financial statement, determine which statement is correct regarding the Recreation and Culture activity What you expect should be based on the type of activity it is This activity IS self supporting, although I would not expect it to be This activity IS self supporting as I would expect it to be This activity is NOT self supporting, although I would expect it to be This activity is NOT self supporting and I would not expect it to be QUESTION 2 Using the government wide financial statement, select the correct statement regarding the Sewer activity What you expect should be based on the type of activity it is This activity IS self supporting, as I would expect it to be This activity IS self supporting, although I would not expect it to be This activity is NOT self supporting, although I would expect it to be This activity is NOT self supporting and I would not expect it to be QUESTION 3 The available appropriation in the subsidiary ledger at the end of the year is the same amount as the variance in the budgetary comparison statement True False

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You will need the Village Officer's Handbook--Appendix A-1 as well as the financial statements for the year ended June 30, 2016 for the City of

You will need the Village Officer's Handbook--Appendix A-1 as well as the financial statements for the year ended June 30, 2016 for the City of Detroit. Financial Statements can be found at www.detroitmi.gov Type "CAFR" into the search box. http://www.detroitmi.gov/Portals/0/docs/finance/cafr/FY16%20City%20of%20Detroit%20CAFR.pdf

QUESTION 1

Using the government-wide financial statement, determine which statement is correct regarding the Recreation and Culture activity. What you expect should be based on the type of activity it is.

		This activity IS self-supporting, although I would not expect it to be.
		This activity IS self-supporting as I would expect it to be.
		This activity is NOT self-supporting, although I would expect it to be.
		This activity is NOT self-supporting and I would not expect it to be.

QUESTION 2

Using the government-wide financial statement, select the correct statement regarding the Sewer activity. What you expect should be based on the type of activity it is.

		This activity IS self-supporting, as I would expect it to be.
		This activity IS self-supporting, although I would not expect it to be.
		This activity is NOT self-supporting, although I would expect it to be.
		This activity is NOT self-supporting and I would not expect it to be. QUESTION 3 The "available appropriation" in the subsidiary ledger at the end of the year is the same amount as the variance in the budgetary comparison statement. True False