On The Balance Sheet
ASSETS EQUALS LIABILITIES PLUS THIS
NET ASSETS
THE NAME OF OUR AUDIT FIRM
SIKICH
HOW MANY COMMERCIAL UTILITY CUSTOMERS DOES THE CITY BILL MONTHLY?
APPROXIMATELY 700
OBJECT CODE 450900
REVENUES-ALL OTHER
GRANTS RECEIVABLE IS IN THIS SECTION OF THE BALANCE SHEET
ASSETS
"SEFA" IS AN ACRONYM FOR THIS
SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
WHAT IS THE MEDIAN AGE?
42
OBJECT CODE 520400
OTHER CONTRACTED SERVICES
WHAT IS THE GFOA'S NAME FOR THE ANNUAL BUDGET AWARD THAT THE CITY RECEIVES?
DISTINGUISHED BUDGET AWARD
THE SECTION WHERE YOU WOULD FIND ACCOUNTS PAYABLE
LIABILITIES
ANOTHER NAME FOR "STATEMENT OF ACTIVITIES"
INCOME STATEMENT (also acceptable: PROFIT & LOSS)
HOW MANY EMPLOYEES DOES THE CITY HAVE EXCLUDING SEASONAL ONLY?
150
OBJECT CODE 450600
PENALTIES/INTEREST CHARGES
HOW MANY FUNDS DOES THE CITY SEPARATELY PRESENT IN THE BUDGET DOCUMENT?
14
"OPEB" is an acronym for this?
"OTHER POST EMPLOYMENT BENEFITS"
THE AUDIT REPORT IS ADDRESSED TO THIS GROUP
MAYOR & CITY COUNCIL
HOW MANY SQUARE MILES OF LAND IS THE CITY?
10.44
OBJECT CODE 542200
MACHINERY & EQUIPMENT
WHAT WAS THE TOTAL ANNUAL REVENUE BUDGETED IN 2023?
$33 MILLION
THE NEW GAAP NAME FOR "UNRESTRICTED NET ASSETS"
"NET ASSETS WITHOUT DONOR RESTRICTIONS"
THE THREE TYPES OF AUDIT OPINION
MODIFIED, UNMODIFIED, DISCLAIMER
(QUALIFIED, UNQUALIFIED, DISCLAIMER)
HOW MANY REGISTERED VOTERS?
11,090
OBJECT CODE 511700
LAGERS RETIREMENT PLAN EXPENSE
WHAT IS THE CITY'S BOND RATING FROM STANDARD & POOR'S?
A+