CAFR Group - Running head CAFR Budget Analysis 1 CAFR...

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Running head: CAFR Budget Analysis 1 CAFR Budget Analysis Jeremy Bonner, Samantha Bradley, David Flory, Nandita Narayan, Donna Norton ACC 460 Feburary, 14, 2011 Linda G. Gandy
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Running head: CAFR Budget Analysis 2 Introduction In this paper, Team D will be presenting an overview of the Consolidated Annual Financial Report for the state of Washington. This report is going to cover the size and interrelationship with the state’s budget. Contents will also include general information such as populations, major industries, governmental structure, and other pertinent demographic information. Population The population of Washington State in 2010 was 6,733,250. Of these 6,049,229 were the non Hispanic population with 5,036,871 was white, 232,420 were black, and 102,441 were Indian. 485,974 were of Asian and Pacific Islander, 191,524 were of two or more races, and 684,021 were of Hispanic origin. Between 2000 and 2010 Washington State’s population increased by 14.2 percent. The Hispanic population grew by 54.9 percent, the Asian and Pacific Islander population grew by 39.9 percent. The population that were of two or more races increased by 29.1 percent, and the American Indian and Alaska population grew by 18.6 percent. The larger metropolitan counties have the larger shares of minority population. In 2010 48.3 percent of Washington’s black population lived in King County, 25.4 percent in pierce county, 55.0 percent of Asian and pacific islander population lived in king county, and 12.2 percent in Pierce county, and 11.1 percent live in Snohomish county. Prior to 2008 Yakima County used to have the second largest share of Hispanic population, but was overtaken by Pierce County in 2008.
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Running head: CAFR Budget Analysis 3 Industries “Washington’s location makes it a gateway for land, sea, and air travel to Alaska and Pacific Rim countries. Ships from all parts of the world dock at Washington ports” (State of
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