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FY 2016ANNUAL TAX INCREMENTSTATEOF ILLINOIS
CO:NfPTROLLERFINANCEREPORTLESLIE
KESSLER
Username of Municipality:
County:City of Belleville
St. Client Code:088/015/30
TIF Administrator....:.:...:First
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Present the financial statements, including the balance sheet, income statement, statement of cash flows, and statement of changes in net assets or equity.
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What is a Comprehensive Annual Financial Report?
A Comprehensive Annual Financial Report (CAFR) is a governmental financial report that provides a detailed overview of a government's financial condition, including its assets, liabilities, revenues, and expenditures.
Who is required to file a Comprehensive Annual Financial Report?
Typically, state and local governments that issue debt or have to adhere to accounting standards set by the Governmental Accounting Standards Board (GASB) are required to file a Comprehensive Annual Financial Report.
How to fill out a Comprehensive Annual Financial Report?
Filling out a CAFR involves gathering financial data, preparing financial statements, and following the GASB standards. It includes sections such as the introductory, financial, and statistical sections.
What is the purpose of a Comprehensive Annual Financial Report?
The purpose of a CAFR is to provide a detailed and comprehensive view of a government's financial status to enhance transparency and accountability in public sector finance.
What information must be reported on a Comprehensive Annual Financial Report?
A CAFR must include information on financial position, financial activities, fund balances, notes to the financial statements, and supplementary information relevant to the government's operations.
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