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Town of Jupiter 2009 Comprehensive Annual Financi...

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Town of Jupiter 2009 Comprehensive Annual Financial Report General Instructions Note: for some of these questions, you will find helpful information in the Notes to the Financial Statements, Combining and Individual Fund Financial Statements, and the Statistical Section. Review all of these sections to find the information you need. Specific Requirements 1. Internal service funds a. Does the Town of Jupiter use internal service funds? Identify internal service funds used by the Town of Jupiter, and describe what transactions are accounted for in EACH of those funds. b. Explain where internal service funds are reported in the government-wide financial statements and where they are reported in the fund financial statements. 2. Enterprise funds a. Indentify the MAJOR enterprise funds used by the Town of Jupiter, and describe what transactions are accounted for in EACH of those funds. b. Identify the NONMAJOR enterprise funds used by the Town of Jupiter, and describe what transactions are accounted for in EACH of those funds. c. Looking at the proprietary fund statements, answer the following questions: i. How does the enterprise fund financial statement presentation differ from the government-wide presentation of enterprise funds? ii. Which major enterprise fund has the largest amount of Net Assets, and what is the amount? iii. For the EACH Enterprise Fund, for what purposes are Net Assets Restricted and what is the amount of each restriction? iv. For all enterprise funds in total, what are the three largest operating revenues and what is the amount for each? v. For EACH major enterprise fund, what is the operating income (loss)? vi. For EACH major enterprise fund, what is the net cash provided by (used for) operating activities? 3. Fiduciary funds a. List each of The Town of Jupiter?s fiduciary funds and explain what is accounted for in EACH fiduciary fund? b. List the TWO largest additions to each fiduciary fund and explain the deductions to each fiduciary fund. 4. Review the Statistical Section at the end of the CAFR and answer the following questions: a. How would you describe the trend in Net Expense for Governmental Activities over the six-year period from Fiscal Year 2004 through Fiscal Year 2009? Is the trend favorable or unfavorable to the Town of Jupiter? b. Compare amounts for Net Expense to the amounts for General Revenues and Other Changes in Net Assets for Governmental Activities over the six-year period from Fiscal Year 2004 through Fiscal Year 2009. Given what you see in these comparisons, is The Town of Jupiter doing a good job of keeping expenses in line with revenues? Are the revenue amounts reasonable given the expenses being incurred by The Town of Jupiter? c. Between FY 2000 and FY 2009, what was the percentage increase in the net assessed value of property? d. For FY 2009, what was the DIRECT tax rate used to calculate the property taxes levied by the Town of Jupiter? How does that rate compare to the rate in FY 2000? e. Who were the four largest principal property taxpayers in the Town of Jupiter in FY 2009? f. For FY 2009, what percent of the tax levy was not collected as of September 30, 2009? g. How would you describe the trend in Outstanding Debt per capita and as a percentage of personal income? h. Identify any Overlapping Debt and briefly explain each. i. What was the per capita personal income in The Town of Jupiter during FY 2005? j. Who were the four largest employers in the town in FY 2009? (2 points) k. Identify the Function/Program with the largest change in number of employees from FY 2000 through FY 2009 l. How would you describe the trend in building permits issued by the Town of Jupiter from FY 2002 through FY 2009? m. How would you describe the trend in average daily water consumption in the Town of Jupiter from FY 2002 through FY 2009?),ok,You did not answer some of the questions as requested. For example, a. Does the Town of Jupiter use internal service funds? Identify internal service funds used by the Town of Jupiter, and describe what transactions are accounted for in EACH of those funds. Internal balances brings into interfund receivables and payables. some of the answers are incomplete, some of the questions ask to list or identity the Funds and describe them.

 

Paper#9628 | Written in 18-Jul-2015

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