HOMEWORK(AG)

INSTRUCTIONS!!!!!!!!!!

CAFR REPORT WILL BE ON THE STATE OF MARYLAND!

Our course focuses on the financial reporting for government entities at the state and local level using Generally Accepted GASB

The key financial report for government entities at the state and local level is the Comprehensive Annual Financial Report (CAFR) . You will select a government entity with a recent CAFR as a key project and learning process for our course.

The CAFR itself is educational to explain its structure, beginning with the table of contents. The details of the CAFR are presented at a web site such as

http://www.ofm.wa.gov/cafr .

Access this web site to begin your study of the CAFR structure. As you consider the organization of the example CAFR you should read your government entity CAFR so you can develop a plan for your project as you learn about the form (CAFR) and your government entity.

Table of Contents

Introductory section

· Letter of Transmittal

· Certificate of Achievement for Excellence in Financial Reporting

· Statewide Elected Officials as of June 30, 2015

· 2015 State Organization Chart

Financial section

· Independent Auditor's Report

· Management's Discussion and Analysis

· Basic Financial Statements

· Notes to the Financial Statements

· Required Supplementary Information

· Governmental Funds

· Proprietary Funds

· Fiduciary Funds

· Component Units

· Individual Fund Schedules

Statistical section

· Statistical Section

Learn more about the  IRS Form 990  and  Not for Profit (NFP) Organizations

Learn more about the Comprehensive Annual Financial Report (CAFR):       State of Maryland General Revenue Reports       State of Maryland Local Government Landing Page