9/30/2019 ACCT 424 PROFFESOR JOHN YELLE CAFR PROJECT TEARA SMITH
Introduction Comprehensive Annual Financial Report (CAFR) is a report that explains the state’s financial condition. It is also a detailed report on the state’s activities and total balances of the year reported. The CAFR also obeys and uses the general accounting requirements by the Government Accounting Standard Board. The CAFR gives investors and taxpayers a general idea of how Anne Arundel county is succeeding financially. Investors like these reports because it helps them to decide on whether they should invest in the county or not. Anne Arundel county, the city I was born and raised, is in northern part of Calvert county. I reside and associate my work lifestyle in Anne Arundel as well. The history of Anne Arundel’s name came from an England’s Lady Ann of Arundel whom she married at 13 and died at the age of 34 was the first to station at this county in 1649. “Anne Arundel consist of a total population of more than 9.6 million and its jurisdictions have household incomes at the highest levels in the country. The City of Annapolis is an independent municipality that supports some 34,208 jobs generated by the combined attributes of it being a major federal, state and county government center, a national historic tourist destination and a maritime recreational center with a reputation of being “America’s Sailing Capital”.” (Schuh, 2018) Anne Arundel is one of the biggest places to welcome visitors and populations has increased. The Comprehensive annual financial report covers the fiscal year ended in June 30, 2018. The report also
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