Comprehensive Annual Financial Report Briefing Abstract The City of Detroit, founded in 1701, and incorporated in 1806, is in Wayne County, State of Michigan. Detroit is on an international waterway, which connects by means of the St. Lawrence Seaway to seaports around the world. Existing as the largest city in the State of Michigan, Detroit is notorious for its tradition in automotive and is a colloquialism for the automobile industry in the United States. Detroit is also known for its popular
The Comprehensive Annual Financial Report (CAFR) is consists of three major sections- introductory, financial, and statistical. The first part includes letter of transmittal, organizational chart, and the certificate of achievement from prior year. To begin with the introductory part, I am pleased to present this written statement presentation for the CAFR of the City of Punta Gorda, Florida for the fiscal year ended September 30, 2013. The City of Punta Gorda are comprised of different entities
The financial department has gain two more facilities with the recent acquisition of Michigan and Georgia. The recent addition of additional sites has changed how finance was processing financial data. Currently the main office has license for fully integrated Microsoft based ERP manufacturing, distribution and financial management. The license does not include source language for the code. The Michigan
ACCT560 Government and Not-for-Profit Accounting Spring 2014 Project #1 CAFR Due Wednesday, February 5, 2014 at 5:30pm EST Objective: To examine a Comprehensive Annual Financial Report (CAFR) for Montgomery County, Maryland (A neighboring county located near American University). Deliverable: Turn in a hardcopy of your answers by the due date (See the Required: section for more details). Late submissions are heavily penalized or may not be accepted. Required: You must work individually
Question 1 4 out of 4 points | | | The City of Highland Hills receives a federal grant to assist in nutrition (feeding) programs for senior citizens. Senior citizens whose income is below a specified amount (the amount was specified by the Federal government) are eligible to participate in the program. Monthly checks of $100 (this amount was specified by the Federal government) will be mailed to eligible senior citizens. The proceeds of this grant should be accounted for in which of
The Fairfax County’s Comprehensive Annual Financial Report for the fiscal year ended June 30, 2015, addressed to the county’s residents, presenting the county’s financial position and results of operations. The County’s financial statements included in this report conform to generally accepted accounting principles as laid out by the Governmental Accounting Standards Board (GASB). It has been audited as required by the Code of Virginia and received an unmodified opinion by the accounting firm KPMG
the financial report prepared by the County of Santa Barbara. The financial report contains all the details containing its financial activities for the year ended June 30 2015. The financial report has been prepared in accordance with the laws as established by the state of California which require counties to submit a financial report for each financial year. The current condition of the economy is further discussed using some tools that give additional details about the financial report. In
Not-for-profit associations are associations that are formed to pursue some purpose other than to seek financial gain for the organisation’s individual members. Such associations may elect to incorporate as a company limited by guarantee under the Corporations Act 2001 (Cth). As not-for-profit entities are predominantly funded by public donation it is fundamental for their activities to exemplify transparency. Furthermore, their administrative burden needs to be limited so the association can focus
Analysis of Comprehensive Annual Financial Report Table of Content I. Abstract II. Introduction III. Introductory analysis & GFOA Award IV. Financial Analysis V. Financial standing VI. Conclusion VII. References Abstract Comprehensive Annual Financial Report (CAFR) is a report used by cities, and local governments to provide the public with their financial records each year, while adhering to government accounting standards board (GASB) guidelines. The report presents
not-for-profit organizations in that A. They have different missions CH. 1 Questions 1. What is the defining distinction between for-profit businesses and not-for-profit entities, including governments? What are the implications of this distinction for financial reporting? The defining distinction is that for profit businesses focus on generating a profit every year, whereas government entities and not-for-profit organizations focus on improving and enhancing the quality of life in their communities. 3