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MERCHANT PROCESSING APPLICATION AND AGREEMENT C O M P L E T E S E C T I O N S (1 10) Merchant #: (Page 1 of 7)1 of LOC. (1) T E L L U S A B O U T YO U R B U S I N E SS Clients Business Name: (Doing
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What is c o m p?
c o m p stands for Comprehensive Annual Financial Report, which is a set of financial statements prepared by a local government.
Who is required to file c o m p?
Local governments such as cities, counties, school districts, and special districts are required to file c o m p.
How to fill out c o m p?
c o m p is typically filled out by the finance department of a local government entity following specific accounting principles and guidelines.
What is the purpose of c o m p?
The purpose of c o m p is to provide transparency and accountability in the financial operations of a local government.
What information must be reported on c o m p?
c o m p must include financial statements, notes to the financial statements, and statistical data regarding the fiscal health of the local government.
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