Posted: March 5th, 2022

Obligations for both governmental and business-type activities

Obligations for both governmental and business-type activities
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)

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 – ________________________________________________

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

Increase or decrease long-term borrowing during 2019? _____________________________
Effect on total long-term liabilities at year-end? Explain. ____________________________

___________________________________________________________________________

Percentage total net bonded debt to assessed value of property? ______________________
Amount of net debt per capital? ________________________________________________

Town of Cary’s legal debt margin? _______________________________________________
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? __________________________________

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

Outstanding conduit debt? Yes or No ____________________________________________
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? ____________________________________________
__________________________________________________________________________________

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?

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

Select on of the more recently established (and larger) capital projects funds (a major fund, if there is one) – _____________________________________________________________
From where did the fund receive most of its resources?
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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