https://doa.alaska.gov/dof/reports/resource/2023acfr.pdf
Internal Service Funds
1. What activities of the government are reported as being administered by internal service funds?
2. Does the report state the basis of accounting used for the internal service funds?
3. In the balance sheet (Stmt 1.11) or statement of net assets (Stmt 1.21) displaying information for the internal service fund(s), are assets classified in accord with practices of profit-seeking business or are current, noncurrent, and capital assets not separately reported? Explain
4. Are current liabilities and long-term debt properly distinguished in the balance sheet? Explain
5. Government-wide Financial Statements Is there any evidence that the internal service fund account balances were collapsed into the governmental activities column?
a. Enterprise Funds
1. What activities of the government are reported as being administered by enterprise funds?
2. Please list any major enterprise funds.
3. Do all enterprise funds reported within the ACFR use accrual accounting? Explain.
4. Do all enterprise funds earn revenues at least equal to costs and expenses? Explain.
5. Government-wide Financial Statements: What portion of the net position of the business-type activities are reported as net investments in capital assets, restricted, and unrestricted?