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000333600 / KAMV0000018063802STUDENT OR ATHLETE ACCIDENT CLAIM Formless Coverage K12 ACCOUNTSCLAIMS DEPARTMENT 1712 Magnate Way, P.O. Box 2338 | Fort Wayne, IN 468012338 pH: 8002372917 Fax: 3123819077
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A Comprehensive Annual Financial Report (CAFR) is a detailed presentation of a government's finances that includes three sections: introductory, financial, and statistical. It provides a thorough and comprehensive overview of the financial condition of the municipality or local government.
Typically, state and local governments, including cities, counties, and school districts, are required to file a Comprehensive Annual Financial Report to comply with state laws and regulations.
To fill out a Comprehensive Annual Financial Report, organizations should gather financial statements, statistical data, and notes for the previous fiscal years. They must follow prescribed accounting guidelines, such as Generally Accepted Accounting Principles (GAAP), and ensure that all required sections (introductory, financial, statistical) are included.
The purpose of a Comprehensive Annual Financial Report is to provide transparency and accountability for the government's financial activities, allowing stakeholders, such as citizens and investors, to analyze and understand the financial performance and position of the government.
A Comprehensive Annual Financial Report must include financial statements, notes to the financial statements, management discussion and analysis, introductory information, and statistical data about the government’s finances.
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