Review the Comprehensive Annual Financial Report (CAFR) for 2013 from the city of Cedar Falls, Iowa, and retort the aftercited questions.
•Explain how Cedar Falls follows the Government Accounting Standards Board (GASB) Statement No. 34. Create a pigmy sketch that showcases the stream.
•Read the skill discourse and resolution (MD&A) minority on page 18 and illustrate 2 or past expressive areas that were addressed by skill.
•From the notes of the financial statements starting on page 46, illustrate which accounting policies are life utilized by the city.
•What did you manifest in the statistical minority? ◦How is the city doing?
◦Provide an resolution.
◦Examine the investments listed inferior the budget on page 37 and sift-canvass how they are life utilized by Cedar Falls. Include some stances of items that would be interposed in these investments and any restrictions that energy dedicate.
◦By looking at the budget starting on page 81, pick-out 2 unanalogous investments and sift-canvass how they are life utilized by Cedar Falls. Include some stances of items that would be interposed in these investments and any restrictions that energy dedicate.
•Define and impart stances of the infrastructure goods that are held by Cedar Falls.
•Describe the term, and furnish the journal entries for the 2 entries that are going in to the unconcealed investment.
◦For stance, 1 memorandum goes into the obligation labor investment and 1 goes into the excellent projects investment.
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