Summary of the Comprehensive A essays

Summary of the Comprehensive A essays Summary of the Comprehensive Annual Financial Report for the State of Tennessee The Comprehensive Annual Financial Report (CAFR) for the State of Tennessee for the Year ended June 30, 2003 is GASB 34 compliant in that they provide Management Discussion and Analysis, Government-wide financial statements, Fund financial statements, and Required Supplementary Information. The Government-wide financial statements include the Statement of Net Assets and the Statement of Activities. The Fund Financial Statements include: 1. Balance Sheet Governmental Funds 2. Statement of Revenues, Expenditures, and Changes in Fund Balance Governmental Funds 3. Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balance Governmental Funds to the Government-wide Statement of Activities 4. Statement of Net Assets Proprietary Funds 5. Statement of Revenues, Expenses, and Changes in Fund Net Assets Proprietary Funds 6. Statement of Cash Flows Proprietary Funds 7. Statement of Fiduciary Net Assets 8. Statement of Changes in Fiduciary Net Assets The Required Supplementary Information includes: 1. Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual Major Governmental Funds 2. Reconciliation of Budget to GAAP Note to RSI 3. Infrastructure Assets Reported Using the Modified Approach. There is also included in this CAFR supplementary information reporting on Non-major Governmental Funds, Non-major Special Revenue Funds, General Fund Supplementary Schedules, Permanent Funds, Non-major Enterprise Funds, Internal Service Funds, Fiduciary Funds, and Component Units. As well as schedules detailing outstanding debt of the State. The Net Assets of the State increased by $814,683 as seen on the Statement of Activities (page 19). According to Managements Discussion and Analysis, the ...