Unformatted text preview: year 2006-2007 . The City of Portland during 2008 net assets attests to its financial position. The assets well exceeds liabilities by $2,601,750,443. The MD & A also includes information about the external restrictions on how the City of Portland can use its net assets resource. The inclusion of the MD & A in the governmental financial statements gives more information on how the financial position of governmental statements. It is holding an additional accountability to governmental offices that are using taxpayers’ money and federal money....
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- Spring '11
- Management, Generally Accepted Accounting Principles, Federal government of the United States, net assets, budgetary process excreta