Go to the Franklin County Ohio$$s website and download its latest published Comprehensive Annual Financial Report $($CAFR$).$ The Report must be $2022$ or $2023$ Annual Report. Using the information contained in the County$$s CAFR, prepare a comprehensive written financial report on the county. Follow the requirements below.

REQUIREMENTS:

$1.$ COUNTY GOVERNMENT PROFILE:

Using information from the Letter of Transmittal and other information provided by the introduction section of the CAFR, describe:

$$ Physical address of county government

$$ The organization of the county government

$$ County cabinet $$ County Commissioners

$$ Economic conditions and outlook of the county

$$ Major County initiatives

$$ Any other information worthy of presenting about the county.

$2.$ SUMMARY OF MAJOR FINANCIAL POLICIES

$$ Provide a summary of the major financial policies of the county.

$3.$ FINANCIAL REPORTING:

$$ Mention and describe the various funds that the county uses.

$$ Mention and describe the county$$s largest sources of general revenues.

$$ What was the total amounts of expenditures recorded by the general and special revenue funds during the period? Discuss how the county classified those expenditures.

$$ Describe the assets reported for the general revenue funds.

$$ Using information provided under the Capital Projects Fund, describe the main capital projects that the county undertook during the period.

$$ Did the general fund balance increase or decrease during the year?

$$ Briefly describe the county$$s independent auditors report and mention whether the county received a Certificate of Achievement for Excellence in Financial Reporting.

$4.$ CONCLUSION PAGE:

Provide a summary of the positive and negative things you found about the county$$s annual financial reporting. As an accounting student, did you find the county$$s annual report $($CAFR$)$ comprehensive enough? Did this county$$s annual report teach you more about State and Local Governments Accounting? Did the report reinforce what you have studied in this course? Finally, would you say that the county manages its financial affairs very well?