Bakersfield Financial Report

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11. Statistical Section:(Liliana) Review the statistical section of the CAFR. Discuss the information presented in each the five categories and comment on significant trends or fluctuations in the tables and schedules presented in each category. The statistical section of the City of Bakersfield for the year ended June 30, 2014 provides detailed information about the financial reports, for a better understanding of the City’s overall financial health. In accordance with GASB, Bakersfield statistical section is presented in five categories. These categories are; 1)Financial trends,2) Revenue Capacity, 3)Debt Capacity, 4)Demographic and Economic Information, and 5)Operating Information. The statistical section provides information from the …show more content…

It provides information about all the accounts in the General Fund and the totals of all other governmental funds. According to the notes on page 144, “in the fiscal year 2010-11, the City implemented GASB 54 under which governmental fund balances are reported as nonspendable, restricted, committed, assigned, and unassigned. For the fiscal year 2009-10 fund balances have been characterized to comply with GASB 54 in order to facilitate year-to year comparisons.” This made the report’s presentation look unusual. Half of the page contains the old account names and the balances from 2005 to 2009. The other half of the page presents the new way of reporting the fund balances and the information for the following years. The last report for this section is the Changes in Fund Balances of Governmental Funds. The change on the presentation of fund balances did not affect the presentation of this report. The major changes that happed the fund balances seem to be a negative ending balance from 2008 to 2011. Most likely due to the …show more content…

This is done by providing statistical information about the number of government employees, indicators of demand or level of service, and information about capital asset. This category is the most extensive, it begins on page 169 and ends on page 180. The reports included are; Principal employers, Full-time Equivalent City Government Employees by Function, Property Value, Construction and Bank Deposits, Operating Indicators by Function, Capital Assets Statistics by Function, and Schedule of Insurance in Force. In 2007 and 2008 the City had largest number of government employees 1,613, but in 2009 it decreased 1446 and stayed within that range until 2014 when the number of government employees increased to

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