Sample Management Discussion and Analysis
Sample Management Discussion and Analysis (MD&A)
Note: This template is provided as a background for the MD&A. Districts have been preparing the MD&A for a number of years now, so for the most part you should start with your MD&A from LAST YEAR and update it. Therefore this document’s primary use is to remind you of what the MD&A is for and what points it should include.
The purpose of the Management’s discussion and analysis (MD&A) is to introduce the basic financial statements and provide an analytical overview of the government’s financial activities. The government entity may include as much detail as wanted as long as it pertains to these eight topics.
1. Brief discussion of the basic financial statements, including the relationships of the statements to each other, and the significant differences in the information they provide.
2. Comparisons of the current year to the prior year condensed financial information based on the government-wide information with emphasis on the current year.
3. Analysis of the government’s overall financial position and results of operations to assist users in assessing whether the financial position has improved or deteriorated as a result of the year’s activities.
4. Analysis of balances and transactions of individual funds. This should include reasons for significant changes in fund balances or fund net assets and other restrictions, commitments, or other limitations that significantly affect the availability of fund resources for future use.
5. Analysis of significant variations between original and final budget amounts and between final budget amounts and actual budget amounts results for the general fund. Also include any currently known reasons for those variations that are expected to have a significant effect on future services or liquidity.
6. Describe capital asset and long-term debt activity during the year including a discussion of commitments made for
Note: This template is provided as a background for the MD&A. Districts have been preparing the MD&A for a number of years now, so for the most part you should start with your MD&A from LAST YEAR and update it. Therefore this document’s primary use is to remind you of what the MD&A is for and what points it should include.
The purpose of the Management’s discussion and analysis (MD&A) is to introduce the basic financial statements and provide an analytical overview of the government’s financial activities. The government entity may include as much detail as wanted as long as it pertains to these eight topics.
1. Brief discussion of the basic financial statements, including the relationships of the statements to each other, and the significant differences in the information they provide.
2. Comparisons of the current year to the prior year condensed financial information based on the government-wide information with emphasis on the current year.
3. Analysis of the government’s overall financial position and results of operations to assist users in assessing whether the financial position has improved or deteriorated as a result of the year’s activities.
4. Analysis of balances and transactions of individual funds. This should include reasons for significant changes in fund balances or fund net assets and other restrictions, commitments, or other limitations that significantly affect the availability of fund resources for future use.
5. Analysis of significant variations between original and final budget amounts and between final budget amounts and actual budget amounts results for the general fund. Also include any currently known reasons for those variations that are expected to have a significant effect on future services or liquidity.
6. Describe capital asset and long-term debt activity during the year including a discussion of commitments made for