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Question: • Explain how Cedar Falls follows the Government Accounting Standards Board (GASB) Statement No. 34. Create a brief outline that showcases the flow.

• Read the management discussion and analysis (MD&A) section on page 18 and describe 2 or more significant areas that were addressed by management.

• From the notes of the financial statements starting on page 46, describe which accounting policies are being utilized by the city.

• What did you discover in the statistical section?

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