State of Illinois Comprehensive Annual Financial Report

The State of Illinois Comprehensive Annual Financial Report (CAFR) is a detailed financial document that presents a thorough overview of the state's financial health for a specific year. It includes information on revenue, expenses, assets, liabilities, and overall fiscal condition. The CAFR helps government officials, investors, and the public understand how the state manages its finances, ensuring transparency, accountability, and informed decision-making. Essentially, it's a comprehensive report that showcases Illinois's financial position, operations, and compliance with accounting standards.