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ANNUAL REPORT NO.9PROVIDING CONTINUING DISCLOSURE FOR THE FISCAL YEAR ENDING JUNE 30, 2010, ON $5,060,000 PRINCIPAL AMOUNT OF CITY OF BAKERSFIELD, CALIFORNIA ASSESSMENT DISTRICT NO. 013 (MADISON GROVE/SAN
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A comprehensive annual financial report (CAFR) is a set of financial statements that provide detailed information about a government entity's financial position and activities.
Government entities such as states, cities, counties, school districts, and other governmental bodies are required to file a comprehensive annual financial report.
To fill out a comprehensive annual financial report, the responsible government entity must gather financial data, prepare financial statements, compile supporting documents, and follow reporting requirements set by governing accounting standards.
The purpose of a comprehensive annual financial report is to provide transparency and accountability in government finances, allow stakeholders to assess the financial health of the government entity, and meet regulatory requirements.
A comprehensive annual financial report must include financial statements such as balance sheets, income statements, cash flow statements, and notes to the financial statements.
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