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City of Waltham, Massachusetts
COMPREHENSIVE
ANNUAL FINANCIAL REPORT
For the Fiscal Year Ended]one 30,2012Waltham City Helicity OF WALTHAM, MASSACHUSETTS
COMPREHENSIVE ANNUALFINANCIAL REPORT
For the
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Gather all financial information including revenues, expenses, assets, and liabilities.
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Include a letter of transmittal which provides an overview of the report.
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Prepare the management discussion and analysis section.
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Include the basic financial statements such as balance sheet, income statement, and cash flow statement.
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What is comprehensive annual financial report?
The comprehensive annual financial report is a thorough and detailed report that provides information on a government entity's financial activities and condition.
Who is required to file comprehensive annual financial report?
Government entities such as state, local, and municipal governments are required to file comprehensive annual financial reports.
How to fill out comprehensive annual financial report?
A comprehensive annual financial report is typically prepared by the government entity's finance department or hired accounting firm following specific accounting standards and guidelines.
What is the purpose of comprehensive annual financial report?
The purpose of the comprehensive annual financial report is to provide transparency and accountability to the public and stakeholders regarding the government entity's financial performance.
What information must be reported on comprehensive annual financial report?
The comprehensive annual financial report must include information on the government entity's assets, liabilities, revenues, expenditures, and other financial activities.
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