Comprehensive Annual Financial Report

A Comprehensive Annual Financial Report (CAFR) is a detailed document that governments or large organizations produce each year to provide a clear picture of their financial health. It includes information on income, expenses, assets, liabilities, and overall financial position, along with audits and explanations of financial activities. The CAFR helps readers understand how public funds are managed, ensuring transparency and accountability. It is used by government officials, investors, and the public to assess financial stability and make informed decisions about the organization’s financial management.