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Homework (Q acct)

Homework (Q acct)

PLEASE USE THE LINK DOWN BELOW

 http://ci.miami.fl.us/Finance/docs/FY2016%20City%20of%20Miami%20Comprehensive%20Annual%20Financial%20Report-Secured.pdf

Find the CAFR for the City of Miami, Florida for the year ended September 30th, 2016.  The link for this CAFR can be found in this module.  Note – this is not Miami Beach, Fl.

  • (1) Was the entity’s annual report for the previous year awarded a “certificate of achievement for excellence in financial reporting” by the GFOA?
  • (2) Which public accounting firm audited the financial statements?
  • (3) How many Governmental Funds are presented as major funds on the financial statements (even if they did not technically meet the major fund criteria)?
  • (4) What is the total assets amount (in thousands) on the Governmental Funds balance sheet (include both major and non-major funds)?
  • (5) For Governmental Funds, what activity accounted for the largest source of revenue (found on the “Statement of Revenues, Expenditures and Changes in Fund Balance”)?
  • (6) Are any special revenue funds categorized as major Governmental Funds?  
  • (7) How many Governmental Funds in total (major and non major) does the city maintain?
  • (8) Does the city have any permanent funds?
  • (9) Who was the largest employer of the entity?
  • (10) What was the Total Fund Balance on the Governmental Funds Balance Sheet (This is the sum of nonspendable, restricted, committed, assigned, and unassigned fund balances)?

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