Comprehensive Annual Financial Report Review

In this assignment, you will understand the Comprehensive Annual Financial Report (CAFR) by reviewing the document. You should be able to differentiate the budget approaches used in the document. You will be able to explain the impact of political, economic, and social influences on the budget and the communityin your selected city or county agency. Through the review of information outlined in this report, you will begin to understand the importance of financial information for the community.

STEP 1: Select a city or county that you will use for all 3 summative assignments in this class. Federal or private sector agencies cannot be used- only a city or county government agency.

STEP 2: Locate your selected city's or county's latest annual budget and Comprehensive Annual Financial Report (CAFR). Both the budget and CAFR are public documents and are readily available on the Internet.

STEP 3: Prepare a 1,400- to 1,750-word summary of information for the government.

Include the following information in your overview:

• Introduction - that previews all of the paper's major points (listed below) in the future tense:

• Population

• Governmental structure (Decision Makers)

• Size of budget and its interrelationship with the CAFR

• Major industries located in the entity

• Budget Calendar

• Political, economic, social, and cultural influences on the public budget

• The role of budget policies

• Other pertinent demographic information

• Conclusion - that recaps all of the paper's major points (listed above) in the past tense.