A regular annual report typically presents only basic financial
statements about the government. An ACFR, by contrast, presents a
wider variety of important information intended to help the reader
properly understand the basic statements.
ACFR is presented in three sections:
1. Introductory section - includes transmittal letter.
2. Financial section - provides independent auditor's report and also
Management Discussion and Analysis, and government-wide
financial statements, any supplementary information required,
schedule and combining financial statements.
3. Statistical section - includes additional financial, economic, and
demographic information.
