Notes and Supplementary Information (F10:M7)

Question 1

in a CAFR, what is the order of information?

Answer 1

MD and A

government-wide FS
fund FS
notes to FS
*Basic FS

required supplementary info

other supplementary info

Question 2

what is included in required supplementary info?

Answer 2

budgetary comparison schedules:

• must show original, final amended, and actual amounts
• variances between budget and actual (optional)
• differences between original and final amended (optional)
• use budgetary basis

infrastructure information:
required for “modified approach”

pension information:
10 most recent fiscal years

Question 3

what is included in other supplementary information? (this section is optional)

Answer 3

combining statements for non major funds

variance analysis

Question 4

T or F, budgetary comparison schedules should be presented as RSI or in the Basic FS for the general fund and for each major special revenue fund that has a legally adopted annual budget.

Answer 4

T