Comprehensive Annual Financial Reports (CAFR)

A Comprehensive Annual Financial Report (CAFR) is a detailed financial document published by a government entity, such as a city or state, that offers a complete picture of its financial health. It includes information about revenues, expenses, assets, and liabilities over a fiscal year. The CAFR typically consists of three main sections: an introductory section, a financial section with audited financial statements, and a statistical section with additional data. It aims to provide transparency and accountability to the public, helping citizens understand how taxpayer money is being managed and spent.