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Which of the following should not be included in the introductory section of a city's ACFR?

Management's discussion and analysis

Letter of transmittal

Government Finance Officers' certificate of achievement for excellence in financial reporting

Photos of city officials

Which of the following should not be included in a city's management's discussion and analysis?

Condensed financial information drawn from government$-$wide statements

A $10-$year forecast of sales tax revenues

A discussion of the condition of the city's road system

An explanation of the decrease during the past year in the unrestricted general$-$fund balance

A city's general$-$fund budget$-$to$-$actual comparisons should be included as part of an ACFR's

introductory section.

notes to the basic financial statements.

required supplementary information.

statistical section.

Internal service funds

should be presented in the governmental fund statements in a single column.

should be presented in the proprietary fund statements in a single column.

should be presented in multiple columns $($one for each major fund$)$ in a separate set of fund statements.

need not be reported in the fund statements.

Which of the following tables would be least likely to be found in the statistical section of a city's ACFR?

General revenues by source$$last $10$ years

Computation of overlapping debt

Property values$$last $10$ years

Salaries of key government officials$$last $10$ years

Which of the following would not be reported as required supplementary information?

Management's discussion and analysis

Details of pension actuarial valuations

The condition of infrastructure

The GFOA certificate of achievement $($if earned$)$

Which of the following is least likely to be included in the ACFR of the New Bradford Water District, a public utility that reports as a business$-$type entity?

Government$-$wide statement of activities

Management's discussion and analysis

Statement of cash flows

Required supplementary information

A special$-$purpose government, such as an independent school district, that carries out multiple programs

may opt to report as if it were a single$-$purpose government engaged in only governmental activities.

may opt to report as if it were a single$-$purpose government engaged in only business$-$type activities.

must report as if it were a general$-$purpose government.

must report as if it were a general$-$purpose government, except that it need not prepare government$-$wide statements.

Silicon County is one of the fastest$-$growing counties in the state characterized by an influx of both industry and population. As a consequence it is likely to have a high

current ratio.

ratio of intergovernmental to total operating revenues.

unreserved fund balance.

long$-$term debt to total population.

A government's fiscal effort is best measured by the ratio of

revenue from own sources to total appraised value of property.

total revenues to total expenditures.

number of government employees to population.

intergovernmental revenues to total operating revenues

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