Series 50: Exercise

Exercise

Match the section of the CAFR with the information it contains

1. A. Shows, for each fund, assets and liabilities, and the difference between the two
2. B. Discusses the overall financial health of the government and whether the budget was exceeded
3. C. Contains information about pension plans and OPEB
4. D. Discusses basic information about the government entity and the legal requirements the CAFR is intended to meet
5. E. Confirms that the financial statements are accurate and fair
6. F. Financial statement that shows what is left after the government has covered its liabilities
7. G. Contains data about demographic and economic information, financial trends, and debt capacity
8. H. Contains the derivatives disclosure
9. I. Shows how much of a program’s cost is covered by the revenue it generates
10. 1. _____ Letter of transmittal
11. 2. _____ Independent auditor’s report
12. 3. __