Total long-term obligations for both governmental and business-type activities

Total long-term obligations for both governmental and business-type activities

https://www.townofcary.org/services-publications/plans-publications-reports/financial-reports/comprehensive-annual-financial-report

(Enter the answer to the question next to the question number and letter if present)

1. Total long-term obligations for both governmental and business-type activities – _______________

________________________________________________________________________________

Does this amount reconcile with the long-term liabilities as reported on the government-wide statements of net position?   Yes or No –  ________________________________________________

2. Other than bonds payable, what other kinds of long-term debt does the Town of Cary report in its statement of net position? ________________________________________________

3. Increase or decrease long-term borrowing during 2019? _____________________________

Effect on total long-term liabilities at year-end?  Explain. ____________________________

___________________________________________________________________________

4. Percentage total net bonded debt to assessed value of property? ______________________

Amount of net debt per capital? ________________________________________________

5. Town of Cary’s legal debt margin? _______________________________________________
6. Lease obligations outstanding – Yes or No –  _______________________________________

Accounted for as operating or financing leases?  ___________________________________

Were any of the leases initiated during 2019? Yes or No _____________________________

Amount of payments related to financing leases? __________________________________

7. Compute the total amount of the city’s direct and overlapping debt? __________________

___________________________________________________________________________

8. Outstanding conduit debt? Yes or No ____________________________________________
9. Number of capital projects funds the Town of Cary maintains – ______________________________

How can you tell? __________________________________________________________________

Are any of these major funds? ________________________________________________________

If so, for what purposes are they maintained? ____________________________________________
__________________________________________________________________________________

2. Number of debt service funds the Town of Cary maintains – __________________________

How can you tell? __________________________________________________________________

Are any of these major funds? ________________________________________________________

If so, for what type of obligations are they maintained?

3. How are the capital projects and debt service funds reported in the government-wide statement of net position? ____________________________________________________

__________________________________________________________________________

4. Select on of the more recently established (and larger) capital projects funds (a major fund, if there is one) – _____________________________________________________________
5. From where did the fund receive most of its resources?
6. 2019 Town of Cary, NC CAFR is used for these questions found at https://www.townofcary.org/services-publications/plans-publications-reports/financial-reports/comprehensive-annual-financial-report

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