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This Comprehensive Annual Financial Report (CAFR) presents the financial position of the City of Douglasville, Georgia, for the fiscal year ended June 30, 2018. It includes detailed financial statements, independent auditor\'s reports, and an overview of the City\'s finances, operations, and economic condition.

How to fill out comprehensive annual financial report

How to fill out comprehensive annual financial report

1. Gather financial data for the fiscal year.
2. Prepare the management's discussion and analysis section.
3. Include financial statements: balance sheet, income statement, cash flow statement.
4. Prepare notes to financial statements for clarification.
5. Verify compliance with accounting standards.
6. Compile statistical data for the statistical section.
7. Include an independent auditor's report if applicable.
8. Review the report for accuracy and completeness.
9. Publish the report in a clear, professional format.

Who needs comprehensive annual financial report?

1. Local governments.
2. State governments.
3. Nonprofit organizations.
4. Publicly traded companies.
5. Investors and stakeholders.
6. Credit rating agencies.

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What is comprehensive annual financial report?

A Comprehensive Annual Financial Report (CAFR) is a detailed presentation of a government's financial condition. It includes three main sections: introductory, financial, and statistical sections, offering a comprehensive view of the financial position and performance of a government entity.

Who is required to file comprehensive annual financial report?

Generally, state and local governments, including municipalities, counties, and other public agencies, are required to file a CAFR. This applies to those entities that have greater than $100,000 in annual revenues or expenditures.

How to fill out comprehensive annual financial report?

To complete a CAFR, governments must gather financial data, prepare financial statements in accordance with Generally Accepted Accounting Principles (GAAP), include a management discussion and analysis, and report on supplementary information. It is advisable to follow the guidelines set forth by the Governmental Accounting Standards Board (GASB).

What is the purpose of comprehensive annual financial report?

The purpose of a CAFR is to provide a detailed overview of an entity's financial status, ensure transparency, promote accountability, facilitate informed decision-making, and meet regulatory requirements for financial reporting.

What information must be reported on comprehensive annual financial report?

A CAFR must report financial statements, including a balance sheet, income statement, and cash flow statement, along with notes to the financial statements, management discussion and analysis, statistical information, and compliance documentation.