To complete this assignment, you’ll need to follow these steps:
Access the Case Study Document: The document containing the case study instructions is attached to this assignment.
Retrieve the CAFRs: The Comprehensive Annual Financial Reports (CAFRs) for Rapid City, SD, and the State of South Dakota. Both documents are attached to this assignment.
Extract Data: From the CAFRs, extract the relevant data needed to answer each question.
Format in APA Style: Organize your responses in a Word document following the APA format guidelines.
Insert Excel Spreadsheet: Create an Excel spreadsheet for each question where applicable, and insert it as an object into the Word document. Ensure that each item includes an explanation along with the data.
Answer Questions: Address each question thoroughly using the extracted data and any additional information provided in the CAFRs.
Proofread and Review: Before submission, proofread your document to ensure clarity, accuracy, and adherence to APA formatting.
Submit the Document: Once completed, submit the Word document containing your responses, including the Excel spreadsheets, if applicable, as per the assignment instructions.
The paper should be no longer than seven pages including the title and reference pages. Remember to cite your sources following APA guidelines.
After completing this assignment, you
should be able to:
Identify the objectives and components of Comprehensive Annual Financial Reports (CAFRs) for governmental entities.
Analyze the budgetary comparison schedules to interpret the financial performance of the general fund.
Analyze the revenue recognition policy for property taxes and assess the estimated uncollectible percentage.
Identify reasons for variations in general fund revenues as presented in the management’s discussion and analysis section of the CAFR.
Compare actual changes in fund balance with budgeted changes and assess the financial performance of the general fund.
Interpret government-wide financial statements, including the statement of net position and statement of activities, to assess the overall financial health of governmental entities.
