Research Paper on San Diego County CAFR Example | Topics and Well Written Essays - 2500 words

On San Diego County CAFR - Research Paper Example The city functions under and is administrated by the State of California’s laws and its own Charter, as periodically modified since its acceptance by the electorate in 1931 (CAFR 24). The weather of San Diego County is portrayed by mild winters with most of the annual rainfall between November to March and warm and dry summers. It is known for its natural deep water harbor, long relationship with the U.S. navy, mild year-round climate, extensive beaches, and latest emergence as a biotechnology and healthcare development center. Most people who visit the county head to the wild animal park, San Diego zoo, sea world or Lego land. The national, regional and international economic condition has badly affected San Diego County’s City services and revenue. It has also exaggerated the health of the business community. In this tough economic environment, the City of San Diego has effectively balanced its annual budget and also implemented them on time i.e. by June 30 each year. This paper will provide an analysis of the Comprehensive Annual Financial Report (CAFR) of San Diego County and the city also meet the Governmental Accounting Standard Board (GASB) 34 requirements because the Comprehensive Annual Financial Report has been prepared in conformance with the standards and principles for reporting as set forth by GASB 34. Governmental Accounting Standard Board (GASB) With the implementation of the GASB 34, the financial reporting model for local and state governments has been changed. The financial statements under GASB 34 must include: Management Discussion and Analysis (MD&A); Government wide Statements involving Statement of Activities; Statement of Net Assets; Fund Statements; Notes to Financial Statements and Required Supplementary Information which includes the budgetary comparison. The CAFR of San Diego County meets the GASB 34 requirements as it is prepared in conformance with the standards and principles for reporting as required in GASB 34. Th e CAFR of the City also contains MD&A, Statement of Net Assets; Statement of Activities; Fund Statements; Notes to Financial Statements and Required Supplementary Information which includes the budgetary comparison of General Funds. The objective of the City’s CAFR is to provide with the financial statement which is of material misstatement. It maintains the accuracy of data; and fairness and completeness of the presentation. In addition, the City is keeping on to progress a complete internal control over the framework of financial reporting to ascertain satisfactory management of taxpayer funds (CAFR 22). According to GASB 34 and 51, in the government wide statements; all major assets are capitalized by the City of San Diego. Capital assets of both proprietary and governmental funds are utilized at the government wide level and proprietary assets are accounted at the fund level (CAFR 41). 2011 2010 With the execution of GASB 54, there was a considerable reclassification betw een Unrestricted and Restricted Net Assets. Restricted Net Assets resulted in an increase of $949,227 i.e. by $376,845 and Unrestricted Net Assets goes down by $394,573 (CAFR 36). The statistical section provides information as required by GASB 44. In addition to the financial sta

Golden Age of Hollywood Essay Example | Topics and Well Written Essays - 1250 words

Golden Age of Hollywood - Essay Example Katharine Hepburn was born in May 12, 1907, growing up in Hartford environs, Connecticut in a loving family, she attended her primary education at the Kingswood-Oxford School located in Hartford and later she attended college at Bryn Mawr. She in history and philosophy in the year and it is here she knew and later married Ludlow Ogden Smith, Katharine’s acting interest developed from college by participating in plays. Immediately after graduating, the next day she travelled to Baltimore where she met a producer, Eddie Knopf who cast her to play in various local routine productions. This marked as her start in professional acting and by 1928; she began to be known in Broadway in the plays like â€Å"These Days.† During this period, Katharine appeared in several plays but she developed a reputation of arguing with directors and was therefore, dismissed from several productions (Edwards 125).  Ã‚  Katharine’s success in the studio system came in 1932 when she play ed Amazon princess in a lead role in the play â€Å"The Warrior’s Husband.† George Cukor a director from Radio-Keith-Orpheum pictures was excited on how she played this role and decided to give her first role in a movie. She accepted to work with him and demanded a high salary in the film â€Å"A Bill of Divorcement† where Katharine’s performance was highly praised. She worked with Cukor in many other movies and therefore, raising to stardom. In 1933, Katharine won her first Oscar.... That same year she had an astounding performance as Jo in the successful screen adaptation of â€Å"Little Women.† Further, she had her second Oscar nomination in 1935 after appearing in the film â€Å"Alice Adams† and she became a rising star (Edwards 177). However, after her success, Katharine had a series of box-office failures threatening her career. The films â€Å"Spitfire,† and â€Å"Break of Hearts† in 1934 failed in box office while in 1935 â€Å"Sylvia Scarlett† did not do well. Further, â€Å"Mary of Scotland† in 1936 and â€Å"Quality Street† made in 1937 failed to succeed. It is was disappointing that even the film â€Å"Bringing Up Baby† created in 1938 that paired Katharine with the star Cary Grant as a comedy was not appreciated by the public although today it is honored as a comedy classic. In 1938, Katharine failures continued as she was voted â€Å"Box Office Poison† in 1938, which was largely because o f her reputation of failing to follow the behavior expected of super stars. She often refused to put on makeup, she wore trousers at the time when they were not fashionable for women, she did not want to give autographs or pose for photographs, and refused to talk to reporters (Edwards 224). Katharine fought to bring back her career success and she left Hollywood to find a stage project. She accepted an offer to star in Philip Barry’s play â€Å"The Philadelphia Story† that highlighted a character incorporating humor, aggression, nervousness, and vulnerability. She financed part of the play together with Howard Hughes and bought the film rights that were used in its creation. The play came out in 1940, it was an immediate success going for two fruitful tours, and Katharine