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Comment Number: 1545 <br />Page 36 - Refer to the City's response to a related comment provided last year. Normally, the "other receipts from customers" <br />(i.e., the connection fees) are for capital purposes and reported as cash flows from capital and related financing activities. <br />However, if the connection fees are not properly reported in some other category, they should be included as part of cash <br />flows from operating activities. Please clarify. <br />All cash flows not properly reported in some other category should be included as part of cash flows from operating <br />activities, regardless of how the related amount is presented (i.e., operating vs. nonoperating) on the operating statement. <br />[GASB-S9: 18g; Q&A 2.20.5] <br />Comment Number: 2977 <br />Page 35 - Refer to the "special assessments" and "intergovernmental" revenues. Refer to page 27. This comment is provided <br />as a reminder. <br />It is unclear why the proprietary funds report a nonoperating revenue rather than a capital contribution related to the capital <br />grants and contributions reported in the business-type activities on the government-wide statement of activities. [Q&A <br />7.72.8] <br />111 - Summary of significant accounting policies (SSAP) <br />Comment Number: 3619 <br />Page 44. <br />Modify the note disclosure for deferred inflows and outflows of resources to read that deferred outflows of resources <br />"represent a consumption of net assets that applies to future periods" and that deferred inflows of resources "represent an <br />acquisition of net assets that applies to future periods," rather than "represent a consumption of net position that applies to <br />future periods" and "represent an acquisition of net position that applies to future periods," respectively. [GASB Cod. Sec. <br />1100.109; GASB-S63: 2; GASB Concepts Statement Nos. 4: 32 and 34] <br />112 - Note disclosure (other than the SSAP and pension-related disclosures) <br />Comment Number: 3593 Checklist Question: 12-100-13 <br />Page 48 - Describe the valuation techniques used to measure "Level 2" investments: for example, the matrix pricing method. <br />The note disclosure should include a description of the valuation techniques used in the fair value measurement for Level 2 <br />and/or Level 3 inputs. Refer to Illustrations 2, 3, and 5 in Appendix C of GASB Statement No. 72 for guidance. [GASB Cod. <br />Sec. I50.141; GASB-S67: 30; GASB-S72: 81; eGAAFR Chapter 30 - Assets, Fair value measurement; GAAFR, Appendix <br />D, page 58]