What is a CAFR?
A CAFR, or Comprehensive Annual Financial Report, is a set of financial statements that complies with the accounting principles set by the Government Accounting Standards Board (GASB). These reports are audited by an external firm to ensure accuracy and thoroughness. The CAFR outlines all financial investment and income records, net assets, revenues and expenses, cash and investment information, capital asset information, pension and benefit liability as well as debt information.

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1. What is a CAFR?
2. What is the difference between a CAFR and a budget?
3. How often is the County audited?