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You are a consultant for the newly elected mayor of a Texas city.The city is in the process of preparing its annual comprehensive annual financial

You are a consultant for the newly elected mayor of a Texas city.The city is in the process of preparing its annual comprehensive annual financial report (CAFR).The mayor would like you to write him a letter explaining the three sections on the CAFR, with emphasis on the financial section.Explain succinctly the main items included in each section of the report and note the items that may be most helpful to the mayor in understanding the city's financial condition

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