Under the Comprehensive Annual Financial Report, will you explain in-depth the Statistical Section?

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Expert Solution

The statistical section is a part of a comprehensive annual financial report (CAFR). Under this section historical information is presented by the government. The period for which the historical information is presented is usually for the last 10 years. Historical information contains information with regards to finances as well as operations of the government and their different constituents.

The statistical section helps in providing useful and valuable information to different users of governmental financial data and information.

The intention of the statistical section is fourfold – firstly the intention is to add new information that will reflect the changes that have taken place in government finance. Secondly it helps in providing comprehensive presentation of information that is valuable for the users of CAFR. Thirdly the section enables government to apply standards to their prevailing circumstances. Fourthly it captures new information like capital asset statistics etc.

Newly added schedules are net assets, changes in net assets, ratios of outstanding debt, principal employers, operating indicators and capital assets.

ekkarill92 answered 1 year ago

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