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Go to the following link for the City of Quincy, MA http://www.quincyma.gov/CityOfQuincy_Content/documents/Quincy_FY2013_BFS.pdf Here you will find the basic financial statements for the city. Discuss the following: What is GASB and why do we use it? Find GASB Statement #45 and discuss how the implementation of this accounts for an additional liability to the city of $103.9 million. On page 12, you will find a discussion on Quincy's Debt Administration: What is the status of Quincy's ability to raise capital by the issuance of Bonds? What would be the consequences to the city if Quincy should it's bond rating be lowered? On page 16, you will find Quincy's Statement of Net Position: Why are some of the Notes and Bonds Payable categorized as Current Liabilities and some as Long Term?

Date Posted: 10/06/2016
Category: Mathematics
Due Date: 13/06/2016
Instruction
Go to the following link for the City of Quincy, MA http://www.quincyma.gov/CityOfQuincy_Content/documents/Quincy_FY2013_BFS.pdf Here you will find the basic financial statements for the city. Discuss the following: What is GASB and why do we use it? Find GASB Statement #45 and discuss how the implementation of this accounts for an additional liability to the city of $103.9 million. On page 12, you will find a discussion on Quincy's Debt Administration: What is the status of Quincy's ability to raise capital by the issuance of Bonds? What would be the consequences to the city if Quincy should it's bond rating be lowered? On page 16, you will find Quincy's Statement of Net Position: Why are some of the Notes and Bonds Payable categorized as Current Liabilities and some as Long Term?
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