What is a Comprehensive annual financial report?
The County's Comprehensive Annual Financial Report (CAFR), or Audit, is an official report that includes three distinct sections.
- The introductory section contains general information about the structure, services and environment of the County.
- The financial section includes the basic financial statements which are at the core of financial reporting. These statements include government-wide financial statements, fund financial statements and notes for the statements. The financial section also includes information on individual funds.
- The statistical section provides trend data and non-financial data that is useful in interpreting the basic financial statements and is important for evaluating economic condition.
The report provides additional information about the County's grants, and includes the schedule of federal and state awards as well as the auditor's opinions on compliance.
The CAFR is presented annually on June 30—the end of the County's fiscal year.