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BOSSIER PARISH SCHOOL BOARD P.O. Box 2000 Benton, LA 710062000 Telephone 3185495000 Fax 3185495024 www.bossierschools.orgAUTHORIZATION AGREEMENT FOR DIRECT DEPOSIT (ACH CREDIT) I hereby authorize
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A Comprehensive Annual Financial Report (CAFR) is a detailed presentation of a government's financial condition. It includes financial statements, statistical data, and management discussion that provide a complete picture of the financial health of an entity.
Entities such as state and local governments that follow Generally Accepted Accounting Principles (GAAP) are required to file a Comprehensive Annual Financial Report to provide transparency and accountability in financial reporting.
To fill out a CAFR, entities must gather financial data, prepare financial statements including the government-wide statement of net position and statement of activities, compile notes and other required disclosures, and may also include supplementary information and statistical sections.
The purpose of a Comprehensive Annual Financial Report is to provide comprehensive information about the financial activities and position of a government, enhancing transparency, accountability, and serving as a tool for financial analysis by stakeholders.
A CAFR must report the government’s financial statements, notes to the financial statements, required supplementary information, accompanying schedules, and statistical data that provides context and analysis of the financial results.
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