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How many capital projects funds does the government maintain

Chapter 6

 

  1. How many capital projects funds does the government maintain?  How can you tell?  Are any of these major funds?  If so, for what purposes are they maintained?
  2. How many debt service funds does the government maintain?  How can you tell? Are any of these major funds?  If so, for what types of obligations are they maintained?
  3. Are the capital projects and debt service funds reported upon in the government-wide statement of net assets?  If so, how?
  4. Select one of the more recently established (and larger) capital projects funds ( a major fund, if there is one).
    1. From where did the fund receive most of its resources?
    2. Did the city acquire or construct new capital assets using resources of this fund?  If so, in what amount?
    3. Does this fund have any long-term debts associated with it?  If so, does the government maintain a debt service fund to account for the resources to service the debt?
    4. Did the government issue additional long-term debt to support governmental activities during the year?  Did it repay any long-term debt used to support governmental activities?  Did it engage in any in-substance defeasances?

 

Chapter 7

  1. What was the total amount of capital assets used in governmental activities added during the year?  What was the amount retired?  Where in the CAFR is this information provided?
  2. How much depreciation did the government charge in its government-wide statements on capital assets used in governmental activities?
  3. Did the government capitalize infrastructure assets acquired during the year?  Did it capitalize such assets acquired in prior years?
  4. Did the government capitalize collections of art or historical treasures?  Did it depreciate such collections?
  5. Judging from the disclosures pertaining to investments, does the entity have any investments that appear to be especially risky?  In your judgment, to which risk (e.g., credit risk, interest rate risk, foreign currency risk) is the exposure of the entity the greatest?
  6. Does the government own any “unusual” securities such as derivatives?  Has it entered into repurchase agreements?  If so, does the report contain an explanation of these transactions?

 



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