The document discusses analyzing a local government's comprehensive annual financial report (CAFR) in a 3-5 page paper. It instructs the reader to: 1) Compare and contrast the CAFRs of three local governments in categories like publication method and internal/external audit information. 2) Analyze each section (introduction, financial, statistical) of an assigned local government's CAFR using questions from the textbook. 3) Analyze the assigned local government's budget-to-actual reports and identify at least three primary revenue sources from governmental and enterprise funds with details like revenue rates and trends.