CAFR ANALYSIS PRINCE GEORGE’S COUNTY

Using your selected CAFR, please answer the following questions (CAFR ANALYSIS 2 PRINCE GEORGE’S COUNTY MD) . Describe the main sources of revenue for (1) the governmental activities and (2) the business-type activities of the government entity. Where in the CAFR can this information be located? . What is the accounting basis for recognizing revenues?

How can the reader determine this basis? . Does the government entity report deferred or unearned revenues, deferred outflows of resources, or deferred inflows of resources? What are they? . Does the government collect revenue from property taxes? What is the property tax rate, when are property taxes due, and when do penalties and interest accrue? What are the ending fund balances by category for each of the major funds presented? .

Does the government classify expenditures by function or object, and does it differ significantly in the government-wide financial statements versus the government funds financial statements? . Where is depreciation expense reported? . What are the Other Financing Sources and Uses the government entity reported in the governmental funds financial statements? .

What capital projects 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? . Select the largest capital project fund reported, and identify the significant resources reported that were or will be used to finance construction expenditures.