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Get the free comprehensive annual financial report of the - NJ.gov

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September 29, 2009, FREEHOLD BOROUGH BOARD OF EDUCATION PUBLIC BOARD ACTION MEETING September 29, 2009, A. OPENING STATEMENT The Public Board Meeting was called to order by President Jordan, in the
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Gather all financial information for the reporting period.
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Organize the information into categories such as assets, liabilities, revenues, expenses, and other financial data.
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Potential investors and creditors who use the report to assess the financial health and performance of an organization.
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A comprehensive annual financial report is a set of government financial statements that provides a thorough and detailed overview of a government entity's financial condition.
Government entities such as state and local governments are required to file a comprehensive annual financial report.
Comprehensive annual financial reports are filled out by following specific guidelines set by the Governmental Accounting Standards Board (GASB) and using standardized formats for financial statements.
The purpose of a comprehensive annual financial report is to provide transparency and accountability regarding a government entity's financial activities and decisions.
Information such as financial statements, management’s discussion and analysis, and other supplementary information must be reported on a comprehensive annual financial report.
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