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search for the term CAFR. Those results should lead to the latest CAFR for the city of Phoenix, Arizona. The financial statements for a state

search for the term "CAFR". Those results should lead to the latest CAFR for the city of Phoenix, Arizona. The financial statements for a state and local government must include a management's discussion and analysis of the information being reported. Read this section of the Phoenix CAFR.

Provide a report describing the types of information contained in the MD&A of this government.

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