Reference no: EM132629049

In Balance sheet:

Question 1: Are there sections on the statement called Deferred Outflows or Inflows of Resources?

a. Which of the five classifications of Fund Balance does your government report?

b. Are there any of the classifications have subclassifications presented on the face of the financial statements?

c. Does government report "Supplies" or "Prepaids" in the asset section of the Balance Sheet? If so, is there a corresponding Nonspendable fund balance reported on the face of the statements or in the notes to the financial statements?

d. Does the government report an "Advance To" in the asset section of the Balance Sheet? If so, is there a corresponding Nonspendable fund balance reported on the face of the statements or in the notes to the financial statements?

e. Does the government report a negative amount in any classification of Fund Balance? If so, what classification?

f. Does the government report Encumbrances in the Fund Balance section?

On Statement of Revenues, Expenditures, and Changes in Fund Balance

Question 2: Does the report reflect any special or extraordinary item(s)? If so, which item(s) and for what purpose?