Obtain a copy of a Comprehensive Annual Financial Report (CAFR) for a state or local government for which you would have an interest. Answer the following questions regarding that report:

• What information is included?
• Is there any information that you find particularly interesting?
• What do you consider to be the most useful statistical information?
• Overall, do you feel that this section allows you to better understand the financial status of the governmental entity, or do you feel the information is marginal and should be eliminated?
• Demonstrate an understanding of governmental and not-for-profit accounting and financial statements;