Case study
ACCT560
Government and Not-for-Profit Accounting
Spring 2014
Project #1
CAFR
Due Wednesday, February 5, 2014 at 5:30pm EST
Objective:
To examine a Comprehensive Annual Financial Report (CAFR) for Montgomery County, Maryland (A neighboring county located near American University).
Deliverable:
Turn in a hardcopy of your answers by the due date (See the Required: section for more details). Late submissions are heavily penalized or may not be accepted.
Required:
You must work individually.
Examine the CAFR for Montgomery County, Maryland for the fiscal year ending June 30, 2013. Provide concise responses to each question and cite where you derived your answer from (See below for more specific details):
For each of the following questions, please refer to the Montgomery County, Maryland “Comprehensive Annual Financial Report” (Not the “Debt Service Books” or “Single Audit”) for the fiscal year ended June 30, 2013 (FY 2013). You can find this information by Googling “Montgomery County CAFR” or visiting:
http://www.montgomerycountymd.gov/finance/financial.html
You will be using the Introductory, Financial, and Statistical sections. For each question, include where in the CAFR you found the information and, if necessary, which statement(s). For example: “Basic Financial Statements of Financial Section, Page 14 (top).”
1. What are the essential values held by the County?
2. Collaboration
3. •
4. Inclusiveness
5. •
6. Knowledge
7. •
8. Competence
9. •
10. Innovation
11. •
12. Respect for the Individual
13. •
14. Fiscal Prudence
15. •
16. Integrity
17. •
18. Transparency
2. Who is the elected “Sheriff” of the County?
Darren M. Popkin
3. What color hair does George Leventhal have?
Black
4. How much money was spent on educating each Montgomery County student (Grades K-12) during fiscal year 2013?
5. Who is the independent auditor for Montgomery County, Maryland?
CliftonLarsonAllen LLP
Government and Not-for-Profit Accounting
Spring 2014
Project #1
CAFR
Due Wednesday, February 5, 2014 at 5:30pm EST
Objective:
To examine a Comprehensive Annual Financial Report (CAFR) for Montgomery County, Maryland (A neighboring county located near American University).
Deliverable:
Turn in a hardcopy of your answers by the due date (See the Required: section for more details). Late submissions are heavily penalized or may not be accepted.
Required:
You must work individually.
Examine the CAFR for Montgomery County, Maryland for the fiscal year ending June 30, 2013. Provide concise responses to each question and cite where you derived your answer from (See below for more specific details):
For each of the following questions, please refer to the Montgomery County, Maryland “Comprehensive Annual Financial Report” (Not the “Debt Service Books” or “Single Audit”) for the fiscal year ended June 30, 2013 (FY 2013). You can find this information by Googling “Montgomery County CAFR” or visiting:
http://www.montgomerycountymd.gov/finance/financial.html
You will be using the Introductory, Financial, and Statistical sections. For each question, include where in the CAFR you found the information and, if necessary, which statement(s). For example: “Basic Financial Statements of Financial Section, Page 14 (top).”
1. What are the essential values held by the County?
2. Collaboration
3. •
4. Inclusiveness
5. •
6. Knowledge
7. •
8. Competence
9. •
10. Innovation
11. •
12. Respect for the Individual
13. •
14. Fiscal Prudence
15. •
16. Integrity
17. •
18. Transparency
2. Who is the elected “Sheriff” of the County?
Darren M. Popkin
3. What color hair does George Leventhal have?
Black
4. How much money was spent on educating each Montgomery County student (Grades K-12) during fiscal year 2013?
5. Who is the independent auditor for Montgomery County, Maryland?
CliftonLarsonAllen LLP