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This document presents the Comprehensive Annual Financial Report (CAFR) for the Beaumont-Cherry Valley Water District for the fiscal year ended December 31, 2020, detailing the district\'s financial
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How to fill out comprehensive annual financial report

01
Gather financial data for the reporting period.
02
Compile the introductory section, including a letter of transmittal.
03
Prepare the financial section, including the auditor's opinion, management's discussion and analysis, and basic financial statements.
04
Include required supplementary information (RSI), such as details on pension plans and other post-employment benefits.
05
Complete the statistical section with relevant data for at least ten years.
06
Review and ensure consistency in figures and formatting throughout the report.
07
Finalize by adding a table of contents and ensuring compliance with applicable standards.

Who needs comprehensive annual financial report?

01
Government agencies and municipalities.
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Investors and financial analysts.
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Credit rating agencies.
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Citizens and taxpayers seeking transparency.
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Regulatory bodies for compliance purposes.
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A Comprehensive Annual Financial Report (CAFR) is a finance document published annually by state or local governments that provides a comprehensive overview of the financial condition of the government, including its financial statements, notes, and statistical data.
State and local governments, as well as certain public agencies, are required to file a Comprehensive Annual Financial Report as part of their financial reporting obligations.
To fill out a CAFR, entities must collect financial data and ensure compliance with the Governmental Accounting Standards Board (GASB) requirements, including preparing the basic financial statements, the introductory section, financial section, and statistical section in accordance with prescribed formats.
The purpose of a CAFR is to provide a detailed and transparent account of a government's financial activities, enhance accountability, and facilitate informed decision-making by stakeholders including citizens, investors, and other interested parties.
A CAFR typically includes the independent auditor's report, management's discussion and analysis, basic financial statements, notes to financial statements, required supplementary information, and statistical section detailing various financial and demographic data.
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