The Comprehensive Annual Financial Report (CAFR) is a set of financial statements comprising the financial report of a state, municipal or other governmental entity that complies with the accounting requirements promulgated by the Governmental Accounting Standards Board (GASB). GASB provides standards for the content of a CAFR in its annually updated publication Codification of Governmental Accounting and Financial Reporting Standards.
The CAFR is "compiled" by a state, municipal or other governmental accounting staff and "audited" by an external certified accounting firm utilizing GASB requirements. It is composed of three sections: Introductory, Financial and Statistical. It combines the financial information of fund accounting and Enterprise Authorities accounting.
Past Comprehensive Annual Financial Reports are available upon request.