CAFR is a set of U.S. government financial statements comprising the financial report of a state, municipal or other governmental entity. CAFR is prepared by the Office of the Chief Financial Officer (OCFO). The CAFR is released each year on time and with a clean opinion from the city\'s Independent Auditors. CAFR presents the city\'s financials, and that the results of the city\'s fiscal year operations are in accordance with generally accepted accounting principles. CAFR are smaller than the budget books. The statistical section of the CAFR is the most interesting because it gives you 10 years worth of data. It has all sorts of demographic information such as top employers, population, medium income and performance measures. The most confusing thing is that CAFRs don’t tell public officials or the public anything about fiscal sustainability. This is one of the negative thing about CAFR. Solution CAFR is a set of U.S. government financial statements comprising the financial report of a state, municipal or other governmental entity. CAFR is prepared by the Office of the Chief Financial Officer (OCFO). The CAFR is released each year on time and with a clean opinion from the city\'s Independent Auditors. CAFR presents the city\'s financials, and that the results of the city\'s fiscal year operations are in accordance with generally accepted accounting principles. CAFR are smaller than the budget books. The statistical section of the CAFR is the most interesting because it gives you 10 years worth of data. It has all sorts of demographic information such as top employers, population, medium income and performance measures. The most confusing thing is that CAFRs don’t tell public officials or the public anything about fiscal sustainability. This is one of the negative thing about CAFR..

1. CAFR is a set of U.S. government financial statements comprising the financial report of a state,
municipal or other governmental entity. CAFR is prepared by the Office of the Chief Financial
Officer (OCFO). The CAFR is released each year on time and with a clean opinion from the
city's Independent Auditors. CAFR presents the city's financials, and that the results of the
city's fiscal year operations are in accordance with generally accepted accounting principles.
CAFR are smaller than the budget books. The statistical section of the CAFR is the most
interesting because it gives you 10 years worth of data. It has all sorts of demographic
information such as top employers, population, medium income and performance measures.
The most confusing thing is that CAFRs don’t tell public officials or the public anything about
fiscal sustainability. This is one of the negative thing about CAFR.
Solution
CAFR is a set of U.S. government financial statements comprising the financial report of a state,
municipal or other governmental entity. CAFR is prepared by the Office of the Chief Financial
Officer (OCFO). The CAFR is released each year on time and with a clean opinion from the
city's Independent Auditors. CAFR presents the city's financials, and that the results of the
city's fiscal year operations are in accordance with generally accepted accounting principles.
CAFR are smaller than the budget books. The statistical section of the CAFR is the most
interesting because it gives you 10 years worth of data. It has all sorts of demographic
information such as top employers, population, medium income and performance measures.
The most confusing thing is that CAFRs don’t tell public officials or the public anything about
fiscal sustainability. This is one of the negative thing about CAFR.