(Reporting entity) (Note: Exercises E9-39 through E9-41 are based on material from actual financial statements. In some instances, we added material to the facts presented in the financial statements to clarify the issues raised in the Exercises.) Sarasota, Florida operates under a Commissioner-Manager form of government. Its financial statements refer to an entity called the Golden Gate Point Special District (GGPSD). Based on the following information, state (1) whether GGPSD should be reported as a component unit of Sarasota and (2) if so, whether it should be blended or discretely reported. Give reasons for your answers. GGPSD was created by the City Commissioners pursuant to Florida statutes. Its purpose is to construct and maintain enhancements and improvements within the public right of way on Golden Gate Point. The City Commissioners serve as the governing board of the GGPSD. They approve the adoption of the annual budget (using tax revenues), the issuance of all debt, the execution of all contracts, and the payment of all expenditures. B9.40. (Reporting entity) Sarasota, Florida's financial statements refer to an entity called the Downtown Improvement District (DID). Based on the following information, state (1) whether DID should be reported as a component unit of Sarasota and (2) if, so, whether it should be blended or discretely reported. Give reasons for your answers. DID was created by City ordinance. The physical boundaries include all non-residential parcels of property within the downtown core of the City of Sarasota. The City refers to DID as a "dependent taxing authority" because DID has the power to levy up to two mills of property taxes - with the approval of the City Commissioners - for the purpose of purchasing supplemental services such as maintenance, security, sanitation, promotions, infrastructure, and capital improvements. The City Commission appoints DID's entire governing board. (Reporting entity) Oneida County, New York sponsors the Mohawk Valley Community College (MVCC). Based on the following information from the County's financial statements for a previous year, state (1) whether MVCC should be reported as a component unit of Oneida County and (2) if so, whether it should be blended or discretely reported. Give reasons for your answers. MVCC is administered by a Board of Trustees consisting of ten voting members. Five are appointed by the Oneida County Executive and confirmed by the Oneida Legislature, four by the Govemor of the state, and one student is elected by the student body. MVCC's budget is subject to the approval of the County Executive and the County Legislature, and the County provides substantial funding for MVCC's operations..