se study questions: eview the introductory section of the CAFR to answer the following questions: a. Was the annual report awarded a "certificate of achievement for excellence in financial reporting" by the Government Finance Officers Association? What is the significance of the award? - The report achieved this award for the year ended June 30, 2015, a copy of which is included in the report. It is stated in the introduction section that the CAFR continues to meet the requirements this year as well to maintain the award. The City of Raleigh has been a recipient of this award since 1980 consecutively. The award recognizes governmental units who meet the requirements of GAAP in their comprehensive annual financial report. (p. ix) b. What are the key issues addressed in the letter of transmittal? - The letter of transmittal addressed several topics and is meant to complement the