Comprehensive Annual Financial Reports (CAFR), ending June 30, 2015 for the city of Pico Rivera
This assignment is a review of the “Comprehensive Annual Financial Reports” (CAFR), ending June 30, 2015 for the city of Pico Rivera. The report is also referred to, in layman term, as the annual audit. The CAFR is located on the city’s website. You will need to refer to FY 2014-14 adopted budget to answer these questions. The FY 2015-16 CAFR has not been posted.
1. When was the CAFR transmitted to the
City Council?
WRITE THIS ESSAY FOR ME
Tell us about your assignment and we will find the best writer for your paper.
Get Help Now!2. Name of the auditing firm.
3. How long has the auditing firm been under
contract with the city?
4. Name the main accounting principle
applied by the auditors in the report.
5. Did the CAFR contain a glossary
section of terms?
6. Did the report include a “Transmittal Letter”
from the city manager?
7. Did the letter provide, for you, a clear picture
of the city’s FY 14-15 financial status?
8. What was stated in the letter
regarding the status of their pensions?
9. Summarize the “management
responsibility” as stated in CAFR.
(Report’s Financial Section)
10. What is the role of the auditors?
(Financial Section)
11. Compare projected revenues and expenditures as stated in the adopted budget to what
are reported in the audit? Show the numbers as “Budget/Audit”.
12. Do the same as in 11 for:
Property taxes
Sales Taxes
Utility Tax
13. Based on #11/12, how accurate was
staff in projecting revenues and expenditures?
(Your opinion)
14. What was the General Fund balance as
of June 30, 2015?
15. 18. And finally, what was the auditors’ Opinion of the financial systems for the city?
Introducing our Online Essay Writing Services Agency, where you can confidently place orders for a wide range of academic assignments. Our reputable homework writing company specializes in crafting essays, term papers, research papers, capstone projects, movie reviews, presentations, annotated bibliographies, reaction papers, research proposals, discussions, and various other assignments. Rest assured, our content is guaranteed to be 100% original, as every piece is meticulously written from scratch. Say goodbye to concerns about plagiarism and trust us to deliver authentic and high-quality work.
WRITE MY ESSAY NOW
