July 24, 2016
Northcentral University (NCU) Doctoral Studies:
Business Administration, Specialization: Advanced
Accounting
Assignment 2: Non Profit Organizations: Comprehensive
Annual Financial Report (C.A.F.R.): City of Washington, DC Year 2015- Financial
Accounts Audit Exercise
PhD Candidate Student: Miss. Bayo Elizabeth Cary, AA,
BA, MLIS
Current Location: Homeless in United States 6 years
now
West Palm Beach, FL
Hostage and Political Prisoner in the United State
Applicant for Political Asylum in Europe
Current Email: bayoelizabeth.cary@yandex.com
Telephone: 352-219-1872
Assignment Directions:
A
Comprehensive Annual Financial Report (CAFR) is a government's complete
accounting of: "net worth.” The CAFR, was established as a public
accounting record, and is mandatory by Federal requirements, for all local
governmental entities, within the United States.
Obtain a CAFR from a city or county governmental entity-these are usually available as a .pdf download from the entity’s web site. Using the questions in exercises and problems 2-1 in Chapter 2, evaluate the CAFR, according to the criteria presented. Attach a copy of the report as an appendix to your paper, when you submit your assignment, and upload it online.
Obtain a CAFR from a city or county governmental entity-these are usually available as a .pdf download from the entity’s web site. Using the questions in exercises and problems 2-1 in Chapter 2, evaluate the CAFR, according to the criteria presented. Attach a copy of the report as an appendix to your paper, when you submit your assignment, and upload it online.
Exercises and Problems 2-1 Examine the C.A.F.R.:
Examine the financial statements included in the
financial section and answer the following questions, as they pertain to, the
city of: Washington, DC, US, based on information made available to the general
public online, in the most recent CAFR available-2015.
Comprehensive Annual Financial Report Office of
Financial Management:
Last
year, in 2015, when I initially completed this assignment, I chose the City of
Gainesville, FL US, for my: CAFR, audit accounts student exercise. I grew up,
in Gainesville, FL US, and, I attended and graduated from, the University of
Florida, research and developmental high school, as well as, Santa Fe Community
College-which is now just: Santa Fe College, as well as: The University of
Florida-itself.
My
impetus, for auditing the accounts, of the City of Gainesville, FL US, was, a
continued lack of employment, in my hometown of Gainesville, FL, although,
presumably, I still had friends, in town working, who, quite possibly knew me
well, knew that I was homeless, and quite capable academically, and of
employment. Because, I am under the impression, if people care about you, and
they are aware of the fact that you are in need, and you can help yourself-with
even a little assistance from the outside, such as: employment, etc.-that,
family or friends, should they exists anywhere-would, because they do care,
that you should live-offer you some sort of employment, that, you very well
qualify for.
My
first Master’s Degree, from: Florida State University, is in the area, of:
Library and Information Science, with a specialization, in information science.
Therefore, the first employment positions, that I applied for, in Gainesville,
FL, were positions, in the field, of library sciences, at both: the public
libraries, and, the private university libraries. When-after several weeks, I received no
response, to my applications for work, at the local libraries, it was at that
time, that I began to apply, for employment positions, in other fields-not even
closely related, to library studies.
I
still was qualified for the employment positions, for which I applied-however,
I was soo qualified for the position, that I was: “overqualified.” I had some
choices, in Gainesville, FL, in regards to where to apply for work, and then
again, it was not until-even after my request for employment as a janitor, was
rejected, that I then decided, to perform and independent audit, of the
accounting books, of the entire city, of: Gainesville, FL, US. What I
discovered, in my independent analysis, of the accounting records, for the city
of: Gainesville, FL, US, was not positive information. Gainesville, FL, has
been-as of the 2015 CAFR: “cooking the books,” and engaging in many forms, of
illegal accounts management, for at least 10 years.
I was illegally, and immediately, then, shipped
off by my adopted family-who have completely abandoned me, to a mental
hospital, in the Gainesville, FL area: Shands At Vista, for many reasons-none
of them pertaining to mental health problems, as defined by the: DMS IV. In large part, my immediate hospitalization,
for mental health problems, that were none existent-again, was a response to, the:
“A” grade that I received, on my assignment-this very same one, that
was-instead of being focused, on: Washington, DC, US-focused, on: Gainesville,
FL US. I am now, because of continued torture, abuse, neglect, and complete
abandonment, by my adopted family, in the United States, an applicant for
political asylum, in Europe.
At
present, I am located, in: West Palm Beach, FL-so, I will not decide, to audit
the accounts, of the city of West Palm Beach, FL. However, because of my, pending applications,
for political asylum, in Europe, I will be flying, from West Palm Beach, FL,
to, Washington, DC-to speak to various embassies there, including the: Russian
Embassy-in about, 2 weeks-long after this Northcentral University doctoral
studies homework assignment, has been emailed, to all of my International
contacts-who are assisting me, with my political asylum application process,
and, posted online, at several of my blog spots, for interesting reading, and
important information about the International state of affairs, as it relates,
to: terrorism, America, and the Obama Administration-that I happily share, as a
freelance reporter.
What's
in the CAFR?
There are basic guidelines, for the
presentation of information, with in the yearly required: CAFR presentation, of
information, about an American city’s: financial accounts, and money
management. However, due to the fact,
that there is some flexibility, in the presentation requirements, for the
information, presented in a: CAFR, when I am communicating information, on:
“the CAFR,” I am specifically, only referring to, the: Washington, DC, CAFR-at
this point, and only the one, that has been made available online, in PDF
format-as required, from the year: 2015.
Although, the city, of Washington, DC, received, in 2015, a good review,
by what is reported as, an independent auditor, of their, 2014 financial
accounting, that in no way means, that all the information, required to be in
the city’s CAFR-is present. A good review, by an independent auditor, of a
city’s financial management and accounting, does not mean, that the city did
anything correct-at all. In 2015, I, as a student still, and working towards my
PhD, in business administration, with a focus, on: advanced accounting, did
this exact same exercise, however, at that time, my focus, was: the city of
Gainesville, FL US-instead of Washington, DC, US.
The city of Gainesville, FL, US, in: 2015,
had received, a total, of at least 9 years, of unqualified, positive reviews,
with complete approbation, for the accounting standards, and techniques, that
are applied to all financial matters, through the city of Gainesville, FL, US.
However, when I, as a doctoral student, of: advanced accounting, looked closely
at the accounting records, provided by, the city of Gainesville, FL, in their:
2014 CAFR, I found-after reading closely in my university text books, regarding
what financial management techniques, are: approved, allowed, legal, and
functional, etc. , within the United States: “Red Flags’-everywhere!
Too often, people are fooled,
by outside appearances-they see a White lab coat, and they think, the person
wearing that lab coat, must be a well-qualified medical doctor. Or, people see
a police officer in a uniform, and a person might think, this man or woman, in
the city’s finest uniform, must be a professional, working to keep me safe,
and-unfortunately, that is not always the case either.
Then too, with a: CAFR, from any
city in the United States.one might read, a positive review, from what is
supposed to be, an unqualified, independent from the city-auditor’s comments,
in regards to the published report, and the auditor, presumably qualified for
their employment position, may write about how wonderful the city is, and how
no financial accounting or management problems, or issues exist, and, the
auditor’s commentary-may all be, complete: lies and nonsense-i.e., the: city of
Gainesville, FL US example, and the: CAFR, from: 2014.
The Washington, DC CAFR, from: 2015,
is presented under three major headings, which divide the report, into three
sections. The three major subheadings,
are listed above, a number of sub-headings-introductory, financial, and
statistical:
- Introductory section:
A.
Letter of Transmittal
B.
Organizational Chart
C.
Principal Officials
D.
GFOA Certificate of Achievement;
- Financial section:
A. Independent Accountant Report
B. Management’s Discussion and
Analysis
C. Basic Financial Statements
D. Index to The Notes to The Basic
Financial Statements
E. Required Supplementary Information
F. Other Supplementary Information
General Fund
G. Non-major Governmental Funds
H. Fiduciary Funds
I.
Supporting
Schedules;
- Statistical section:
A.
Financial Trends
B.
Revenue Capacity
C.
Debt Capacity
D.
Demographic and Economic Information
E.
Operating Information. (Alexander, C., Omisore,
D, & Slack, B. 2015, p. Table of Contents)
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