Provide an outline for the minimum content of a comprehensive annual financial report (CAFR). Include in your outline only the major content categories - no need to drill down to the i, ii level. Provide the source reference for where (using the GASB Codification) you found this information.

Then review the most recent CAFR of a state or local government. Using that report, identify:

1. The entity’s most significant source of revenues and most significant expense

2. The entity’s most significant asset, and its most significant liability

3. Two of the individual funds used by the government (look for separate fund financial statements)

4. Who prepared the report

5. Who audited the report, and using what auditing standards

Answer rating: 100% (QA)

A District wide Financial statements Dutline for CAFR Ans ... View the full answer