has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story and motivate potential users and user groups to read the CAFR
To better understand CAFR
and PAFR readability, the authors selected reports from a few sample municipalities and ran random paragraphs through text analysis using the online program Readable.
Guvernanta corporativa--de principii aplicabile entitatilor listate pe o piata reglementata de capital(Corporate governance--principles applicable to entities listed on a regulated market capital), Audit Financiar, Editura CAFR
, ISSN 1583-5812, Bucuresti
The County of San Diego chose to use its CAFR
publishing tool, FrameMaker, for the first three years, after which it switched to Adobe InDesign, as staff with expertise using this product was now available.
The New York State CAFR
is presented in accordance with GAAP; however, it is geared towards a knowledgeable stakeholder who understands governmental accounting.
The city is expected to return to releasing its CAFR
in a timely fashion.
has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story and motivate potential users and user groups to read the CAFR
Documents that you should review include the CAFR
, external and internal audit reports, board minutes, and bond-related documents.
Comprehensive Annual Financial Report (CAFR
) The auditor shall express an opinion of the fair presentation of the Towns basic financial statements as presented in the CAFR
in conformity with generally accepted accounting principles.
While a sophisticated user can discern the probability of financial difficulties from the reams of information the CAFR
provides, we believe most users would be unable to understand the financial position of [a state or local] government from these reports.
Though the CAFRs
were issued late, the city released the fiscal 2006, 2007 and 2008 CAFRs
last year and was able to complete the fiscal 2009 CAFR
Tenders are invited for CAFR
Software for the Department of Finance