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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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