Notes and Supplementary Information (F10:M7) Flashcards
1
Q
in a CAFR, what is the order of information?
A
MD and A
government-wide FS
fund FS
notes to FS
*Basic FS
required supplementary info
other supplementary info
2
Q
what is included in required supplementary info?
A
budgetary comparison schedules:
- must show original, final amended, and actual amounts
- variances between budget and actual (optional)
- differences between original and final amended (optional)
- use budgetary basis
infrastructure information:
required for “modified approach”
pension information:
10 most recent fiscal years
3
Q
what is included in other supplementary information? (this section is optional)
A
combining statements for non major funds
variance analysis
4
Q
T or F, budgetary comparison schedules should be presented as RSI or in the Basic FS for the general fund and for each major special revenue fund that has a legally adopted annual budget.
A
T
