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This financial account contains information relating to capital gross, expenditures, assets, and other financial data relating to the organization.
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A comprehensive one-year financial report is a financial assertion released by common sector entities OR government agencies.
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What does the comprehensive financial report ( CAFR ) mean?
The Comprehensive Annual Financial Report (CAFR) is a report used by cities and local governments to provide the public with their financial records each year, while adhering to government accounting standards board (GASB) guidelines.
How does the CAFR work in a city?
The city exhibits accountability and honesty by sharing the CAFR with its residents, in turn this builds trust in the residents toward their city, trust in that their hard-earned money is being used in the appropriate services, and these funds are put back into the maintenance and development of their communities.
What kind of report does Carlsbad CAFR have?
The report presents a comprehensive picture of the reporting entity’s financial condition, it provides how funds are spent and allocated throughout the year. I will be covering the Carlsbad CAFR for the year ended 2011.
Last Update: Oct 2021
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