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AGENDA ITEM REQUEST FORM Department: Rent ProgramDepartment Head: Nicolas TraylorMeeting Date: February 15, 2023Phone: 6206564Final Decision Date Deadline: February 15, 2023STATEMENT OF THE ISSUE:
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Gather all financial information including revenue, expenses, assets, and liabilities.
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Organize the information into sections such as management's discussion and analysis, financial statements, and notes to the financial statements.
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Follow the generally accepted accounting principles (GAAP) and government accounting standards when preparing the report.
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Provide a detailed breakdown of financial data including balance sheets, income statements, and cash flow statements.
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Include any required disclosures and supplementary information as per regulatory guidelines.
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Who needs comprehensive annual financial report?

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Regulatory bodies that oversee financial reporting standards.
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Bond rating agencies that assess the creditworthiness of an entity.
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Internal stakeholders such as board members, management, and employees who need financial transparency.
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The comprehensive annual financial report is a set of financial statements prepared by a governmental entity that provides detailed information about its financial position and activities.
Governmental entities such as state, local, and municipal governments are required to file comprehensive annual financial reports.
To fill out a comprehensive annual financial report, government entities must gather financial data, prepare financial statements, and ensure compliance with accounting standards and reporting guidelines.
The purpose of the comprehensive annual financial report is to provide transparency and accountability regarding the financial operations and performance of a governmental entity.
The comprehensive annual financial report must include financial statements, notes to the financial statements, management's discussion and analysis, and other required supplementary information.
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