Select one (1)local government Maryland and review the finan

Select one (1)local government Maryland and review the financial statements and auditreport for the county or municipality. The financial statements of thegovernment you selected should have at least three (3) funds. 1.Compareand contrast the comprehensive annual financial report (CAFR) of theselected local government entity with the city of Austin report (…). In your comparison, include: a.Publication method of the CAFR b.Audit and budget information in the CAFRc.The type of audit report issuedd.Existence or non-existence of an internal audit function within the government entity2.Preparethe analysis for the selected local government entity, includinginformation on the introduction, financial section, and statisticalsection prepared in the city of Austin’s CAFR from chapter 2. 3.Analyzethe methods used by the selected local government entity in comparingthe budget-to-actual reports. Your analysis should include an evaluationof the basis of accounting used for the budget and financialstatements.4.Analyze the sources of revenue on the selected localgovernment. Your analysis should include information on bothgovernmental and business-type activities of the government. In yourreport, be sure to examinea.Property taxes and how they are accounted forb.Other sources identified as primary revenue for the entityc.Deferred revenued.Year-to-year variations in the tax levels of incomee.Various management discussion and analysis items of notef.Information about the general fund