Question

Option #1: State and Local Government Reporting

The information below should be used to prepare a Public Transportation column for the proprietary fund Statement of Revenues, Expenses, and Changes in Fund Net Position for the fiscal year ending May 31, 2018.

Operating Revenue (Services)	$25,705,000
Interest Revenue	$36,000
Intergovernmental Revenue	$140,000
Capital Contributions	$1,200,000
Operating Expenses:
Employee Wages	$8,654,000
Temporary Labor	$750,000
Repairs and Maintenance	$6,425,000
Depreciation	$4,532,000
Utilities	$948,000
Interest Expense	$475,000
Transfer to General Fund	$315,000
Net position, June 1, 2017	$3,820,000

1. What observations can you make about the fund’s activity from June 1, 2017-May 31, 2018? This one I see that they have increased over time?
2. Identify the other proprietary fund statements and what measurement focus and basis for accounting are used in those statements.
3. What reports and schedules are included in the CAFR as required supplementary information? introductory, financial, and statistical? not sure

I have the first part figured out but am stuck on the 1-3 questions.

Answer 1

The information below used to prepare a public transport column for the proprietary fund statement of Revenues, expenses and changes in fund net position for the fiscal year ending May 31, 2018. - The answer provided below makes about the fund's activity from June | 2017 - may 31, 2018 - Amount I) INCOME: Opedaling Revenue Interest Revenue 25,705,000 36,000 2,57,41,000 - Total Income: D) EXPENDITURES - Employee's wages Temporary Labour Repairs & maintanance Depreciation Utilities 86,54,000 7,50,000 64,25,000 45,32,000 9,48,000 4,75,000 Intesest expenses - Profit ((I) (D) 2,17, 84,000 Less Transfer to general fund Transfer to balancesheet 3,15,000 2, 14, 69,000

position for the Changes 31st in fund net May 2018 :- Position on June pst 2018 $3,820,1000 +) Profit during $ 2,17, 84,000 the year contribution $ 1,200,000 Additional 2,68, 04,000