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State and local governments are accountable to much more than private investors. They are accountable to the community as a whole. Communities are required to

State and local governments are accountable to much more than private investors. They are accountable to the community as a whole. Communities are required to publish a comprehensive annual financial report (CAFR). Please locate a state or local governments comprehensive annual financial report (CAFR) and answer the following questions:

How does the CAFR compare to a traditional for-profit business?

What are the major sources of revenue?

What are the major expenditures?

Do you feel that this entity is healthy?

What are some areas of improvement?

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