1-1 Examine the CAFR. Download a copy of the most recent comprehensive annual financial report (CAFR) for the City and County of Denver from its Web site: http://www.denvergov.org/controller (click on "Financial Reports"), or that of another city or county if you wish.* Familiarize yourself with the organization by scanning the report and reread the section in this chapter entitled "Financial Reporting of State and Local Governments." Follow the following instructions: a. Introductory Section. Read the letter of transmittal or any narrative that accompanies the financial statements. Does this material define the governmental reporting entity and name the primary government and all related component units included in the report? (Note: The reporting entity may be discussed in the notes to the financial statements rather than in the transmittal letter.) Does the introductory section discuss the financial condition of the reporting entity at the balance sheet date? Does it discuss the most significant changes in financial condition that occurred during the year? Does it alert the reader to forthcoming changes in financial condition that are not as yet reflected in the financial statements? Do the amounts reported in the letter of transmittal or other narrative agree with amounts in the statements and schedules in the financial section? Does the introductory section include a list of principal officials? An organization chart? A reproduction of a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA)? Assuming the government follows GASBS 34, compare the information in the letter of transmittal with that in the management discussion \& analysis (MD\&A)