2013 Broward County Comprehensive Annual Financial Report (CAFR) General Instructions For this assi

Aug 17th, 2016
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2013 Broward County Comprehensive Annual Financial Report (CAFR) General Instructions For this assignment, you will be reading portions of the 2013 Comprehensive Annual Financial Report (CAFR) issued by Broward County. You will be asked selected questions from the CAFR and provide interpretation/comment. Specific Requirements 1) From the Statement of Net Assets and related information, please answer the following questions: (30 points) a. What assets are included in Governmental Activities- Not-depreciable Capital Assets? Provide a breakdown by type of asset and amount. b. What is the largest asset included in the Business-type Activities Depreciable Capital Assets? Identify the particular asset and the amount included for that asset. c. What percentage of Governmental Activities Net Assets are unrestricted? What

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Answera.What assets are included in Governmental ActivitiesNot-depreciable Capital Assets? Provide a breakdown by type of assetand amount.Land$400070Construction in progress $ 172075b. What is the largest asset included in the Business-type ActivitiesDepreciable Capital Assets? Identify the particular asset and theamount included for that asset.Capital assets being depreciated:Buildings $ 1,222,427Less depreciation: $326955Net assets= $895742C. What percentage of Governmental Activities Net Assets areunrestricted? What percentage of Business Activities Net Assets areunrestricted? What can you learn from these percentages?Percentage of Governmental Activities Net Assets that areunrestricted 17.905%Percentage of Business Activities Net Assets isunrestricted 20.151%These percentage show that unrestricted funds are greater than restricted funds becausethere is a difference noticed between the two percentages which is described above.From the Management, Discussion and Analysis, pick 3 accounts thatfrom the Statement of Net Assets that have changed significantly from2010 to 2011. Identify the changes, significance (% change, etc.), anddiscuss contributing factors identified in the report. Hint: use MD&Aplus notes.Changes in Current assets decreased by $ 165366 % Change = 6.52Long term debt outstanding decreased by $ 123023 % Change = 4.98Capital asset investment increased by $ 116133 % Change =3.5Contributing factors:-1. Assets exceeded its lia

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