Hey everyone, Can someone help me with these questions:
Below the link to the financial statements and the questions:
22. What debt service funds did the government report (hint: also look in the schedules following the notes)? Are any of these funds reported as major funds, and how can you tell?
23. What long-term debt is being reported in the government-wide financial statements and notes?
24. Did the government entity increase or decrease its long-term debt borrowings during the year, and what was the total effect on total long-term liabilities at year end?
25. What is the total long-term debt obligation for both governmental and business-type activities, and do these amounts reconcile with the amounts report on the government-wide Statement of Net Position?
26. Were any of the government's enterprise funds profitable during the year? Was there an operating profit or were additional resources required (nonoperating revenues) included? What does the government do with the earnings (i.e. retain, spend, transfer to the general fund, etc.)?
Link: http://www.daytonohio.gov/DocumentCenter/Home/View/1901