ACFR – Annual Comprehensive Financial Report
A CAFR/ACFR is a government’s most complete annual financial report. It combines auditedfinancial statements, management explanation, fund-level detail, debt and pension disclosures,and long-term statistical trends. It is one of the best documents for understanding a publicentity’s true financial condition. Renamed in 2020 from CAFR (Comprehensive Annual Financial Report) reportedly due to CAFR sounding too similar … Read more