7/15/23, 5:23 PM Simulation | CPA The Winter Woods Library District is a component unit since it fails the SELF test. The entity is not financially independent since its budget is approved by the city. Because the district does not meet the requirements of a blended unit (governing boards are inseparable or the entity serves the primary government nearly exclusively), the district is a discretely presented component unit. The Summer Marsh School District is a component unit since it fails the SELF test. The entity is not financially independent since it has its budget approved by the city and it surrenders all excess fees to the city. The district also meets the requirements for blended presentation since the city council and the district governing board is one and the same. The school district will be a blended component unit. The Building Authority was established by the City to serve only the City exclusively. The authority may as well be a city department. It is a blended component unit. The Autumn County Hospital Authority passes the SELF test and subcontracts its responsibilities. It is a special purpose governmental unit, but it is a primary government that will have its own stand-alone financial statements. https://cpa.becker.com/module/F-10-01/V4.3/sim/session 1/1
