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It uses the 2018 CAFR from the City of Pittsburgh found at www.pittsburghpa.gov

QUESTION 1

1. What amount of long-term debt is classified as current in the governmental activities?

   		There are no long-term liabilities classified as current in the governmental activities.
   		$32,191,229
   		$52,911,888
   		$129,454,021

1 points

QUESTION 2

1. The largest source of financing for the Debt Service Funds comes from:

   		Principal retirement of bonds
   		Interest and Dividends
   		Transfers from other funds.
   		Refunding (issuance of new bonds)
   		Intergovernmental revenues
   		Taxes

1 points

QUESTION 3

1. Which of the following resource inflows would properly be classified as revenue of a debt service fund? (check all that apply)

   		Special assessment taxes (government is liable for the obligation).
   		Receipt of the premium on a new bond issue.
   		Accrual of interest earned, but not yet received on investments of the debt service fund.
   		Taxes collected by the General Fund and transferred to the Debt service fund.

1 points

QUESTION 4

1. The city's Debt Service Funds have which of these fund balance classifications (mark all that apply):

   		Unassigned fund balance
   		Assigned fund balance
   		Restricted fund balance
   		Nonspendable fund balance
   		Committed fund balace

1 points

QUESTION 5

1. The notes to the financial statements indicates the city has exposure to which of the following types of risk associated with its debt service and other governmental fund investments? (Check all that apply)

   		Credit risk
   		Interest rate risk
   		Custodial credit risk
   		Concentration risk

1 points

QUESTION 6

1. Using the schedule showing changes in debt, which statement best describes the amount of Council and Public Election General Obligation Debt sold and retired during the year.

   		The city retired more general obligation bonds than it issued.
   		The city issued general obligation bonds but did not retire any.
   		The city issued more general obligation bonds than it retired.
   		The city retired general obligation bonds but did not issue any.

1 points

QUESTION 7

1. Which of the following best describes the outstanding Council and Public Election General Obligation Bonds for the city? Hint: Use the notes.

   		More bonds were issued with premiums than with discounts which caused a decrease in the carrying value of the bonds.
   		More bonds were issued with discounts than with premiums which caused an increase in the carrying value of the bonds.
   		More bonds were issued with discounts than with premiums which caused a decrease in the carrying value of the bonds.
   		More bonds were issued with premiums than with discounts which caused an increase in the carrying value of the bonds.

1 points

QUESTION 8

1. When the city amortizes a premium on bonds issued it will

   		Decrease interest expense
   		Increase both interest expenditures and interest expense
   		Increase interest expense
   		Increase interest expenditures
   		Decrease interest expenditures
   		Decrease both interest expenditures and interest expense

1 points

QUESTION 9

1. Many entities tax the property of city residents. The largest source of debt burden to the city residents comes from which entity?

   		Cannot be determined from the CAFR.
   		City of Pittsburgh direct debt
   		Pittsburgh School District
   		Pittsburgh Water & Sewer Authority
   		Allegheny County

1 points

QUESTION 10

1. At the end of 2018, how much more can the city legally borrow (in thousands)?

   		$1,075,905
   		$229,387
   		$522,116,694
   		$1305,292

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