Agenda - Council - 11/25/1981 - Laserfiche WebLink

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i5. Are revenues and expenditures (or e:~-penses) properly pre8ented? I I a) Is there detatI as to the source of revenue? (e.g. taxes, intergovernmental revenue, sources: State, Federal, County, etc. and Local Government Aid, etc. in detailed statements.) Statement 1, p. 16, ASLGU p. 20, Statutory, p. 5-56 of Minimum Reporting Requirementa. Yet No N/A I I I c) I6 there detail as to the source of transferred amounts? ASLGU p. 20, AICPA Statement of Position 77-2 (1977), Statutory, p. 5-56 of Minimum Reporting Requirements. Is there detail of e-x~endttures or expenses by function? (e.g. general government, fire, police, other protection, street and highway, etc.) and character (e.g. Capital outlay, current expenditures, etc.)? Statement l, p. 16-17; ASLGU p. 20, Statutory, p.5-56 of Minimum Reporting Requirements. Are fixed assets progerly accounted for? I I I I I :1 I ! I I a) Is there a statement showing general fixed assets by type? GAAFR p. 54-55. b) Are fixed assets recorded in enterprise, internal service, and non-expendable trust and agency funds? Statement 1, c) Are fixed assets in those funds Being depreciated? Statement 1, p. 8, 10. Is general long-term debt properly accounted for? a) Are amounts available and to be provided for general long-term debt properly disclosed? Statement 1, p. ~. Is there a disclosure of the smount of each type of debt? (e.g. general obligation, special assessment bonds, revenue bonds, refunding bonds, etc.) c) Is there disclosure of the purpose for which bonds were issued? (e.g. city hall, ice arena, electric utility, refunding, etc.) Was the audited financial report received by the State Auditor by June 30th? Oiarch 31st for cities under 2,500 in population). If not, when was it received? -3-