Comprehensive Annual Financial Report Briefing The Comprehensive Annual Financial Report (CAFR) is a governmental unit’s comprehensive accounting report that shows the financial position and the performance in operation. The Mental Health Retardation Center of Harris County is a governmental entity providing Mental Health (MH) and Mental Retardation (MR) services for the residents of Harris County. These services are designed for those persons who can be effectively treated in their own community and do not require long-term institutional care. Within this CAFR there are 126 pages, and will provides detailed statements and wealth statistical data on its jurisdiction. This report will provide the board members, consumers, family members,
Remember, we are looking for wealth that could be used for more important things as well as wealth that is not being used for anything at all except capital gains. You should follow along with me using the Aurora City Comprehensive Annual Financial Report as your reference, which can be downloaded here: https://www.auroragov.org/AuroraGov/Departments/Finance/Annual_Financial_Report/index.htm?ssSourceNodeId=934&ssSourceSiteId=621… And if you like, you can follow along with your local or county CAFR as well, making the adjustments for size and page numbers as you go. Your CAFR should be virtually identical in its structure to this one. If it is not, the key points we are about to cover will be in there
1. Define the Objective Theory of Contracts. Objective Theory of Contracts means that the contract will be judged not by the personal or subjective intend, or belief, of a party but by outward, objective facts (like what the party said when entering into the contract, how the party acted or appeared, and the circumstances surrounding the contract) as interpreted by a reasonable person, rather than by the party’s own secret, subjective intentions. 2. On May 1, Brand Name Industries, Inc. (BNI), sent Carol a letter, via overnight delivery, offering to employ her to audit BNI’s financial statements for the current year for $10,000.
Financial Statements ACC280 Name March 11, 2010 Instructor Financial Statements Accounting is used to track an organization’s funds as well as organize the financial data for users to analyze. Financial statements are the key to understanding an organizations financial well-being. It presents the organization’s historical and potential financial performance that will assist the organization in making informed decisions. The four basic financial statements are in an organization’s annual report. Each of the four statements provides important organizational financial data for any user internal or external to analyze.
To evaluate the budget and identify concerns we will use results from years 6 through 8 and compare to year 9. The intent is to identify areas that CBI management will need to review before finalizing. The following budget assumptions are made: * Moderate improvement in the market * No pricing change * Factory overhead $481,798 including $150,000 in depreciation * Year end A/R will be equal to 12% of annual sales based on historical data * AP will be 10% of purchases * Raw materials and work in process inventory not expected to change levels * Selling commissions expected to remain at 3% * Transportation contract $30.00 a unit * Advertising
The relationship between the Scottish Government and local Governments is a complicated one. This essay will discuss the extent to which there is cooperation and conflict between the Scottish Government and local Governments. There is cooperation between local councils and the Scottish Government regarding finance. In 2007 the Concordat agreement was reached by the minority SNP Government and the Confederation of Scottish Local Authorities (COSLA) which indicates SNP and the 32 local councils working in cooperation and with particular regard to finance, an area which usually causes conflict. The Concordat agreement meant that all 32 councils would not increase council tax for years 2008/11 and they would also receive an extra £70 million to deliver essential services such as housing, education and social services.
Whereas education during Jefferson’s era was, voluntary and he believed in teaching everyone the basics. Additionally, Jefferson believed that students in the elementary schools should read enough history “by appraising them of the past, will enable them to judge the future; it will avail them of the experience of other times and other nations; it will qualify them as judges of the actions and designs of men…”(S&S pg. 40). Whereas in today’s practice, elementary students receive about forty-five minutes of history a month until they enter 5th or 6th grade. In chapter three, the Quality of Teachers according to Horace Mann “the education and the quality of the state’s teachers was the inadequate preparation most teachers had received” (S&S pg.
Just four years ago, family savings and income accounted for thirty-six percent of college costs. Unfortunately, because home equity loans are harder to get, many families have to turn to education loans with higher interest rates. While median family income is markedly down, tuition and fees have spiked over the past few years. In fact, public institutions of higher learning have become twice as expensive to attend over the past decade. Meanwhile, to make matters worse, State funding is down twenty-two percent over the same time period.
Comprehensive Annual Financial Report Briefing ACC/548 July 30, 2012 Michael Teneyck Comprehensive Annual Financial Report Briefing This brief will provide an overview of government accounting for the newly elected board members of the City of Houston. More specifically it will provide a comparison of government accounting versus for-profit financial accounting, give a description of the City of Houston reporting entity, and evaluate the Management Discussion and Analysis section within the Comprehensive Annual Financial Report (CAFR). This brief will reference the finding from the CAFR for the fiscal year ended June 30, 2011. Government versus For-Profit Accounting There are several differences that exist between governmental accounting
Explain how the state in which you work affects the policies of your local government. The local government is part of the working environment. However, many entities within the local government directly impact the manner in which the organization functions. For example, the Charlotte Chamber of Commerce consistently works to address public policy issues and support legislation that alters the manner in which the organization meets public need (“Legislative” 2006). This has been accomplished in the area of housing, environment and in relation to schools in the last two years.