CMET438 Colorado State University State and Local Government Questions
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The information below should be used to prepare (in proper form in Excel) a Public Transportation column for the proprietary fund Statement of Revenues, Expenses, and Changes in Fund Net Position for the fiscal year ending May 31, 2018.
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Order Paper Now| Operating Revenue (Services) | $25,705,000 |
| Interest Revenue | $36,000 |
| Intergovernmental Revenue | $140,000 |
| Capital Contributions | $1,200,000 |
| Operating Expenses: | |
| Employee Wages | $8,654,000 |
| Temporary Labor | $750,000 |
| Repairs and Maintenance | $6,425,000 |
| Depreciation | $4,532,000 |
| Utilities | $948,000 |
| Interest Expense | $475,000 |
| Transfer to General Fund | $315,000 |
| Net position, June 1, 2017 | $3,820,000 |
Please also answer the following questions in MS Word:
- What observations can you make about the fund’s activity from June 1, 2017-May 31, 2018?
- Identify the other proprietary fund statements and what measurement focus and basis for accounting are used in those statements.
- What reports and schedules are included in the CAFR as required supplementary information?
Paper Requirements:
- Submit your responses to the questions in a 3-4-page document in MS Word/MS Excel as indicated. Label each question clearly. For computations, please include them in a table.
- For written answers, please make sure your responses are well written.
- Assignment should follow APA guidelines (Links to an external site.) with respect to use of subheadings, 1” margins, and double spaced.
- The required number of pages for the assignment does not include the title page and references page.
- References need to include your textbook plus two additional credible academic references. All sources used, including your textbook, must be referenced; paraphrased and quoted material must have accompanying citations and cited per APA guidelines.
- Include introduction and conclusion.
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