READING A CAFR. This is a rather straight forward project. Please read the following article in Governing Magazine - Are Comprehensive Annual Financial Reports Useless? http://www.governing.com/topics/finance/gov-are-annual-financial-reports-useless.html

Then you are to look at the City of Boca Raton CAFR (you can pick any year) and read the Introductory Section. Then as best you can read through the Management Discussion and Analysis section. Based on reading these two sections, please answer the following questions in no more than two pages.

1. What does the CAFR introductory section tell the reader?
2. What does the Article tell the reader?
3. What are the three major points of the Management Discussion and Analysis Section for the City of Boca Raton?