Which of the following should not be included in the introductory section of a city's ACFR?
Management's discussion and analysis
Letter of transmittal
Government Finance Officers' certificate of achievement for excellence in financial reporting
Photos of city officials
Which of the following should not be included in a city's management's discussion and analysis?
Condensed financial information drawn from governmentwide statements
A year forecast of sales tax revenues
A discussion of the condition of the city's road system
An explanation of the decrease during the past year in the unrestricted generalfund balance
A city's generalfund budgettoactual comparisons should be included as part of an ACFR's
introductory section.
notes to the basic financial statements.
required supplementary information.
statistical section.
Internal service funds
should be presented in the governmental fund statements in a single column.
should be presented in the proprietary fund statements in a single column.
should be presented in multiple columns one for each major fund in a separate set of fund statements.
need not be reported in the fund statements.
Which of the following tables would be least likely to be found in the statistical section of a city's ACFR?
General revenues by sourcelast years
Computation of overlapping debt
Property valueslast years
Salaries of key government officialslast years
Which of the following would not be reported as required supplementary information?
Management's discussion and analysis
Details of pension actuarial valuations
The condition of infrastructure
The GFOA certificate of achievement if earned
Which of the following is least likely to be included in the ACFR of the New Bradford Water District, a public utility that reports as a businesstype entity?
Governmentwide statement of activities
Management's discussion and analysis
Statement of cash flows
Required supplementary information
A specialpurpose government, such as an independent school district, that carries out multiple programs
may opt to report as if it were a singlepurpose government engaged in only governmental activities.
may opt to report as if it were a singlepurpose government engaged in only businesstype activities.
must report as if it were a generalpurpose government.
must report as if it were a generalpurpose government, except that it need not prepare governmentwide statements.
Silicon County is one of the fastestgrowing counties in the state characterized by an influx of both industry and population. As a consequence it is likely to have a high
current ratio.
ratio of intergovernmental to total operating revenues.
unreserved fund balance.
longterm debt to total population.
A government's fiscal effort is best measured by the ratio of
revenue from own sources to total appraised value of property.
total revenues to total expenditures.
number of government employees to population.
intergovernmental revenues to total operating revenues
