Week 5 - Activity: Homework Chapters 6 & 8 Jenna Paz ACC 410 Strayer University
WEEK 5 - ACTIVITY: HOMEWORK CHAPTERS 6 & 82 Chapter 6: Continuing problems. Review the Comprehensive Annual Financial Report (CAFR) that you have obtained. 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? According to the Combining Balance Sheet of the Capital Products fund, the city of Austin maintains roughly 56 capital projects funds that account for the many activities related to capital improvements and other projects (if I understood report correctly). Many of these funds have been renamed, combined with additional funds, or not active. Some funds are major funds and include the following funds: i.Cultural Facilities Fund ii.Build Austin Fund iii.City Hall Parking Garage Fund iv.Affordable Housing Fund v.Central Library Fund vi.Mobility Fund vii.And many others 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?
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