ANALYSIS CASE 2 Go to Web site www.portlandonline.com/omf/index.cfm?c=43896 and find the 2006 comprehensive annual financial report for the City of Portland, Oregon. One of the most important changes created recently in state and local government accounting is the inclusion of a management’s discussion and analysis. Read this section of the Portland report.

Required Write a report indicating the types of information found in this government’s MD&A that would not have previously been available in the financial statements.