6. Current assets for the primary entity in the Statement of Net Assets

(Total Assets – Noncurrent or Capital Assets). The CAFR typically has three sections: an introduction, a financial section, and a statistical section. The financial section is the most important section in the CAFR. It includes a “Management Discussion and Analysis” (MD&A), which gives a description of a jurisdiction’s financial policies and significant changes in financial conditions over the previous year. This section also includes a list of financial statements that are used to reveal financial conditions and financial performances of the jurisdiction. Most of the financial indicators discussed in this chapter can be found in these statements.

The first two statements in the financial section are the Statement of Net Assets and Statement of Activities. They are organizationwide statements, presenting financial information for a whole organization. Use a CAFR to obtain the following indicators: