Obtain a copy of the Comprehensive Annual Financial Report (CAFR) for the State
ID: 2424238 • Letter: O
Question
Obtain a copy of the Comprehensive Annual Financial Report (CAFR) for the State of Texas for the Fiscal Year Ended August 31, 2014 from the Texas Department of Finance and Administration website - http://www.texastransparency.org/State_Finance/Budget_Finance/Reports/Comprehensive_Annual_Financial/14/ ,
and answer the following questions. Provide page numbers where you found the information. You may copy and paste text from the CAFR. Please submit type-written answers.
Page numbers (1-283) can be found at the bottom of each page of the CAFR document and should be included in the blank provided to the left of each question to reference where your selected answers were located within the CAFR report. Note that the PDF Adobe page numbers (1-294) at the top of the screen will be different from the CAFR page numbers and should not be referenced for purposes of this exercise.
_____ 26. Capital assets, excluding land and construction in progress, are depreciated using the straight-line method over the estimated service lives of the respective assets. Estimated service lives include the following:
______________ Software
______________ Buildings and building improvements
______________ Facilities and Other improvements
______________ Furniture and equipment
______________ Other Capital Assets
______________ Land Use Rights-Term
______________ Vehicles
______________ Infrastructure
______________ Other Intangible Capital Assets
_____ 27. As of August 31, 2014, what was the net $ amount of amounts held in trust for Individuals, Organizations, and other governments?
_____ 28. In the statistical section-operating information, how many tax returns were processed in 2013? How may licenses were issued?
_____ 29. For the Optional Retirement Program, what are the contribution rates for the State and Plan members?
_____ 30. Included in RSI is a Budgetary Comparison Schedule of budget to actual results for all budgetary funds. What is the largest expenditure item included on the schedule, and what is the final budget $ amount and actual results (budgetary basis) $ amount for that expenditure for the year ended August 31, 2014?
_____ 31. Due to the complexity of the State’s budget, a separate report is prepared to present final budget to actual comparisons at the legal level of control and can be obtained from the Department of Finance and Administration. What is the name of this report?
Appropriation Summary report
Explanation / Answer
Ans 26 EstimatednYears Software 3-10 Building & Buildings improvement 5-30 Facilities and Other improvements 10-60 Furniture and equipment 3-15 Other Capital Assets -Depreciable 3-22 Land Use Rights-Term 10-60 Vehicles 5-40 Infrastructure 10-50 Other Intangible Capital Assets 3-15 Referred from Pg no 64 of CAFR Ans 27 Net Amount Government Fund -4129021 Prorietory Fund 4099916 Fiduciary Fund 29105 Referred from Pg no 126 of CAFR Ans 28 No of tax returns Processed in 2013 5054013 No. of licence issued in 2013 1165705 Referred from Pg no 283 of CAFR Contributions amt in thousand From reporting Entities $169,847 On behalf from state 303556 On behalf from Central government 23277 Total $496,680 Referred from Pg no 123 of CAFR
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