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CITY OF PORT LAVACA, TEXAS ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE YEAR ENDED SEPTEMBER 30, 2023CITY OF PORT LAVACA, TEXAS ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER
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The City of Houston ACFR (Annual Comprehensive Financial Report) is a financial report that provides a detailed presentation of the city's financial position and activities for the fiscal year, including audit information and compliance with financial reporting standards.
The City of Houston is required to file the ACFR, and it is typically prepared by the city's finance department. Additionally, entities that receive city funds may also be required to submit their own ACFRs.
Filling out the City of Houston ACFR involves compiling financial data, completing all required sections of the report, ensuring compliance with applicable accounting standards, and submitting the report to the appropriate governing bodies and for public disclosure.
The purpose of the City of Houston ACFR is to provide transparency in financial reporting, inform the public and stakeholders about the city's financial health, and demonstrate accountability in the management of city funds.
The ACFR must report information including the city's financial statements, notes to the financial statements, management discussion and analysis, statistical information, and an independent auditor’s report.
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