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2018OldmanRiverRegionalServicesCommissionANNUAL REPORTFINANCIAL STATEMENTSYear EndingDecember 31, 2018Oldman River Regional Services Commission OldmanRiverRegionalServicesCommission2004 ANNUAL REPORT

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What is comprehensive annual financial report?

A Comprehensive Annual Financial Report (CAFR) is a set of financial statements that provide a detailed overview of a government's financial activities for a specific fiscal year. It includes three main sections: the Introductory Section, the Financial Section, and the Statistical Section, providing a comprehensive financial picture.

Who is required to file comprehensive annual financial report?

Government entities, such as state and local governments, are required to file a Comprehensive Annual Financial Report. This includes municipalities, counties, and public authorities that operate as governmental units.

How to fill out comprehensive annual financial report?

To fill out a CAFR, governments must gather financial data from various departments, prepare a set of financial statements according to generally accepted accounting principles (GAAP), include an auditor's opinion, and compile statistical data and narratives that provide context and explanation for the numbers presented.

What is the purpose of comprehensive annual financial report?

The purpose of a Comprehensive Annual Financial Report is to provide transparency and full disclosure of a government's financial status to the public, stakeholders, and oversight bodies, as well as to demonstrate accountability for resources and compliance with relevant laws and regulations.

What information must be reported on comprehensive annual financial report?

A CAFR must report information including the government’s financial position, results of operations, cash flows, notes to the financial statements, schedules of financial data, and statistical information that reflects the government's financial performance over time.

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