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Using the Comprehensive Annual Financial Report obtained for Exercise $11,$ answer the following questions.

Exercise $2-1$ Part a $($Static$)$

a$.$ Compare the items discussed in the MD&A in your CAFR with the list of items in this chapter. Which topics listed in this chapter are not in your CAFR? Which topics are in your CAFR that are not listed in this chapter? Do you think your CAFR has a reasonably complete discussion?

b$.$ From the MD&A in your report, write a short summary of $(1)$ the financial condition of your government, $(2)$ a comparison of revenues compared with the prior year, $(3)$ a comparison of expenses compared with the prior year, and $(4)$ a comparison of budgeted and actual activity.

c$.$ From the Statement of Net Position, identify and write down the following: $(1)$ unrestricted net position$$governmental activities; $(2)$ unrestricted net position$$business$-$type activities; $(3)$ restricted net position by restriction$$governmental activities; $(4)$ restricted net position by restriction$$business$-$type activities; and $(5)$ unrestricted and restricted net position$$component units $($if any$).$

d$.$ From the Statement of Activities, identify and write down the following: $(1)$ net program expense $($or revenue$)$governmental activities; $(2)$ net program expense $($or revenue$)$business$-$type activities; $(3)$ net program expense $($or revenue$)$component units; $(4)$ change in net position$$governmental activities; $(5)$ change in net position$$business$-$type activities; and $(6)$ change in net position$$component units. Does the ending net position in this statement agree with the net position figures in the Statement of Net Position?

e$.$ From the Statement of Revenues, Expenditures, and Changes in Fund Balances for Governmental Funds, identify the names of the major governmental funds. Write down the net change in fund balance for each major fund.

f$.$ From the governmental fund statements, take one major fund $($other than the General Fund$)$ and prove, using the $10$ percent and $5$ percent criteria described in this chapter, that the fund is required to be reported as a major fund.

g$.$ From the Statement of Revenues, Expenses, and Changes in Fund Net Position, list the major enterprise funds. For each, identify and write down: $(1)$ the operating income, $(2)$ the income $($loss$)$ before contributions and transfers, and $(3)$ the change in net position.

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