Explain what is included in the Financial Section of the Comprehensive Annual Financial Report (CARF).
The CAFR consists of three sections: Introductory, Financial and Statistical.  The Financial section presents the entity’s basic financial statements as well as notes to the statements and independent auditors’ report.


Auditor’s Report
Management’s Discussion & Analysis
Basic Financial Statements
Government-Wide Financial Statements
Statement of Net Assets
Statement of Activities
Fund Financial Statements
Governmental Funds
Balance Sheet
Statement of Revenues, Expenditures, and Changes in Fund Balances
Reconciliation to Government-Wide Statements
Proprietary Funds
Statement of Net Position
Statement of Revenues, Expenses, and Changes in Net Position
Reconciliation to Government-Wide Statements (if applicable)
Statement of Cash Flows (using the direct method)
Fiduciary Funds (and similar component units)
Statement of Fiduciary Net Assets
Statement of Changes in Fiduciary Net Position
Discretely Presented Component Units
Fund Financial Statements as Required Supplementary Inform