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Mansfield Board education Meeting October 11 '? 20.12 Council Chambers 7:30. p.m. Board Members: - --. — Mark Laplace, Chair; Shame Fatwa, Vice-Chair; Martha Kelly, Secretary, April Holing, Holly

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A comprehensive annual financial report (CAFR) is a set of audited financial statements and accompanying notes that provide detailed information about a government entity's financial position and activities.

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Government entities such as state, local, and municipal governments are typically required to file a comprehensive annual financial report.

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Filling out a comprehensive annual financial report involves gathering financial data, preparing financial statements, and providing detailed explanations and disclosures about the entity's financial activities. It is usually done by the finance or accounting department of the government entity.

What is the purpose of comprehensive annual financial report?

The purpose of a comprehensive annual financial report is to provide transparency and accountability in the financial operations of a government entity. It helps stakeholders, such as citizens, investors, and creditors, understand the entity's financial health and performance.

What information must be reported on comprehensive annual financial report?

A comprehensive annual financial report typically includes financial statements, management's discussion and analysis, fund statements, notes to the financial statements, and other required supplementary information. The specific information reported may vary based on government accounting standards.

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