CaFr & Bud suffer Analysis
Teja Gadde
City of San Jose- Introduction:
The metropolis of San Jose, CA, is the self proclaimed capital of the Silicon Valley. Initially, it was the first civilian settlement in California in 1777 and was also the world-class state capital of California. Today, San Jose is the third humongousst city in California, undermentioned only Los Angeles and San Diego. It has an estimated population of oer 950,000 people. San Jose has a very various(a) population; 33.2% Hispanic, 28.7% White and 31.7% Asian. It is the home to the largest concentration of technology firms worldwide- over 6,500 technology companies are located in San Jose and surrounding areas. San Jose has large private employers much(prenominal)(prenominal) as Cisco Systems, Xilinx, IBM and EBay. San Jose is known to be the hub for technological innovation. However, San Jose was not immune to the effects of recession. The slight increases in San Joses primary revenues was not enough to cover its expenditures, even though expenditures decreased from the previous year.
San Jose provides many governmental activities services such as public transportation, libraries, parks, recreation and neighborhood services.
San Jose also provides business-type activities such as the airport, wastewater treatment constitution, water system and lay management operation. At Fiscal year Ending June 30, 2011, San Jose had kernel Net Assets of $5.648 billion, which is a decrease of $382 million from the previous period.
This paper give review and analyze the City of San Joses CAFR 2010-11 and Budget 2010-11. It pull up stakes investigate the CAFRs adherence to GASB 34 and indicate important education that would be useful to readers. The financial situation of the city will also be evaluated along with the accuracy of the Budget.
CAFR ANALYSIS:
The City of San Joses Budget and CAFR use a fund accounting system to ensure and demonstrate finance related legal compliance. for each one fund falls into one of the following categories:...If you want to get a full essay, order it on our website: Orderessay
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