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Nfp Project

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Submitted By xieqiwei1990
Words 1826
Pages 8
NFP prodect- the city of Topeka
Cassie Routh
Leah Sugai
Qiwei Xie
Ander Garcia
Question one- Examine the CAFR
A) What information is provided in the introductory section?
We believe there are four sections provided in the introduction. They are: * The letter of transmittal (page i-ii) * The mission statement (page iii) * The list of principal officials (page iv) * The organization chart (page v)
B) What information is provided in the financial section? There are four major sections are provided in the financial section. The financial section involves the independent auditor’s report (which audited by the company of Cochran Head Vick & Co), the management’s discussion and analysis, basic financial statements such as government wide financial statements and fund financial statements, and the notes to the financial statements. The financial statement does contain two government wide financial statements which are the statement of net position (p15) and the statement of activities (p16) and seven fund financial statements. The management discussion and analysis section contains the overview of financial activities of the city of Topeka.
C) What information is provided in the statistical section?
The statistical section mainly provides information about the financial trends, debt capacity, revenue capacity and the economic information.
Question - two basis of accounting
The basis of accounting is used in the general fund is the general fund is the modified accrual basis. This information can be found on p 18 and p 29 of the CAFR. Because of the City of Topeka does have the long term liabilities and capital assets, this would cause the difference between the governmental funds and the governmental wide statement.
By viewing the statement of revenues, expenditures, and changes in fund balances of governmental fund (page 19). We suppose

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