Throughout Chapters 2-9 reference has been made to the City and County of Denver's Comprehensive Annual Financial Report (CAFR). In addition to issuing the CAFR the City and County of Denver issues a Popular Annual Financial Report (PAFR). To complete this case access the City and County of Denver's PAFR at its Web site Look for the Finance department reports and information on the GFOA PAFR Award program on the Government Finance Officers Association's (GFOA)Web site.
Required
a. The GFOA PAFR Award program lists four eligibility criteria in addition to the requirement that a government's CAFR report receive the Certificate of Achievement for Excellence in Financial Reporting. Evaluate Denver's PAFR relative to these four criteria and explain how you believe the Denver PAFR clearly meets the four criteria.
b. Due to the size and complexity of the CAFR, popular reports are encouraged as a method of increasing communication with various users of government financial information. Evaluate Denver's PAFR and explain whether you believe the PAFR meets each of the following three criteria- visually appealing for the reader, understandable, and provides relevant information. The criteria should be evaluated relative to the following user groups:
1. Citizens
2. Creditors