Comprehensive Annual Financial Report (CAFR) for Houston city, Texas (2015)

The CAFR for Houston city (2015) can be categorized as a comprehensive and methodical exhibition of the city’s monetarist status. It offers detailed information on the city’s accomplishments as well as monetary balances for every financial year. It is divided into three major sections which include the introduction, financial and statistical sections. Besides a transmittal letter, demographic, economic and monetary reports the CAFR has an independent auditor report that contains discussions, analysis, financial statements and evaluation reports for all the addressed sections (Green, 2015).

The CAFR for Huston city, Texas is particularly detailed and long given that it contains 338 pages of the content in general. This generally demonstrates the depth of the report which mainly deals with the fiscal status of the city including how the funds and distributed across differing activities. The two major funds after the general funds are debt service and capital projects funds (Green, 2015). This fund includes an analysis of the balance sheet funds, expenses, balances as well as the general financial budget when equated with the actual uses. These funds are therefore utilized in demonstrating the health or status of the city financially given that the expenditures determine the outcome of the balances and budget changes. After the government funds come to the nonmajor governmental and enterprise funds.

The total government assets as per the report account to 615,957 dollars which are higher than for the previous year which was 537, 693 dollars (Green, 2015). On the other hand, the enterprise assets account to 870, 791 dollars which seem to be particularly higher when equated to the government ones (Green, 2015). This is linked with the less spending within the sector while equated to the government expenditures.

Reference

Ronald C. Green. (2015). City of Houston, Texas. Comprehensive Annual Financial Report For The Fiscal Year Ended June 30, 2015. Retrieved from https://www.houstontx.gov/controller/cafr/cafr2015.pdf