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ACT 410 CSU State and Local Government Reporting Questions

ACT 410 CSU State and Local Government Reporting Questions

Question Description

The information below should be used to prepare (in proper form in Excel) a Public Transportation column for the proprietary fund Statement of Revenues, Expenses, and Changes in Fund Net Position for the fiscal year ending May 31, 2018.

Operating Revenue (Services) $25,705,000
Interest Revenue $36,000
Intergovernmental Revenue $140,000
Capital Contributions $1,200,000
Operating Expenses:
Employee Wages $8,654,000
Temporary Labor $750,000
Repairs and Maintenance $6,425,000
Depreciation $4,532,000
Utilities $948,000
Interest Expense $475,000
Transfer to General Fund $315,000
Net position, June 1, 2017 $3,820,000

Please also answer the following questions in MS Word:

  1. What observations can you make about the fund’s activity from June 1, 2017-May 31, 2018?
  2. Identify the other proprietary fund statements and what measurement focus and basis for accounting are used in those statements.
  3. What reports and schedules are included in the CAFR as required supplementary information?

Paper Requirements:

  • Submit your responses to the questions in a 3-4-page document in MS Word/MS Excel as indicated. Label each question clearly. For computations, please include them in a table.
  • For written answers, please make sure your responses are well written.
  • Assignment should follow APA guidelines (Links to an external site.) with respect to use of subheadings, 1″ margins, and double spaced.
  • The required number of pages for the assignment does not include the title page and references page.
  • References need to include your textbook plus two additional credible academic references. All sources used, including your textbook, must be referenced; paraphrased and quoted material must have accompanying citations and cited per APA guidelines. Use of the CSU Global library is necessary.

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