Below is a list of items that could appear in a CAFR report.

1. Legal debt limits and debt margins
2. 10-year trend data
3. Notes to financial reports
4. Property tax levy and collection information
5. Budgetary schedules
6. Auditor's report
7. Letter of transmittal
8. Description of the government's financial condition
9. Financial highlights for the fiscal year
10. Defined benefit pension plan schedules

Required:

The GASB requires that information be reported in certain sections of the CAFR. For each of the items listed, indicate whether the item would be reported in the following sections and the reason for doing so:

I - Introductory section

F - Financial section

S - Statistical section

MDA - MDA portion of the Financial section

RSI - RSI portion of the Financial section

Answer rating: 100% (QA)

CAFR Report CAFR report is a very detailed reporComprehensive annual financial report and it present... View the full answer