Comprehensive Annual Finance Report
The Comprehensive Annual Financial Report consists of four sections: Introduction, Financial, Statistical and Compliance.
· The introduction section includes the transmittal letter, the County’s organizational chart, a list of principal officers and a copy of the 2002 Certificate of Achievement for Excellence in Financial Reporting.
· The financial section has three component parts – Management’s Discussion and Analysis, the basic financial statements that include government-wide financial statements and fund financial statements, and required supplemental information.
The statistical section includes selected financial and demographic
data related to the
· The compliance section is required under the provisions of the Single Audit Act of 1984 and the U.S. Office of Management and Budget circular A-133, Audits of State, Local Governments and Non-profit Organizations.
· Management’s Discussion and Analysis. “A component of required supplementary information used to introduce the basic financial statements and provide an analytical overview of the government’s financial activities.” [SGAS 34]