First, search the internet for the official website of yourlocal city government(Manchester). If you
First, search the internet for the official website of yourlocal city government（Manchester）. If you cannot find your city,select your state（NH）. After reviewing this website, locate the latest comprehensiveannual financial report (CAFR) available on the website. Forexample, both the City of Sacramentoand the City of Phoenix havetheir most recent CAFRs online within an accounting/financialsection. Use the financial statements you locate to answer thefollowing questions: How does the audit opinion given to this city by its independentauditors differ from the audit opinion rendered on the financialstatements for a for-profit business? A reconciliation should be presented to explain the differencebetween the net changes in fund balances for the governmental funds(fund financial statements) and the change in net position for thegovernmental activities (government-wide financial statements).What were several of the largest reasons for the difference? Did the CAFR contain all required components, and what was yourimpression of how the information was reported? What are some significant differences you see between the reportyou just reviewed and the for-profit report you reviewed in ModuleFour? . . .