posted on Mar, 6 2009 @ 06:06 PM
How many of us watched with Walter J Burien video where he discussed, in no uncertain terms, what the CAFR is and what it means? Well I decided to go
ahead and look one up for the sake of argument. The idea was starting to fester in my mind and I needed to be able to put this baby to rest.
I figured I wouldn't be able to find the report too easily or that if I did find the report it wouldn't have a clear statistical breakdown as Mr.
Burien showed in his videos. Well I was wrong.
It took me about 30 seconds to pick a small town in central Texas and to do a search for their Comprehensive Annual Financial Report. The only problem
is, I don't know how to respond to this report. I want everyone on ATS that's interested, and especially people that are familiar with finances, to
break this report down a little bit and see what it means.
Here's what I've gathered so far. (2007 fiscal)
Total primary government net assets: $153,690,618
Total primary government expenses: $67,741,537
Total primary government program revenues: $30,102,668
Total Primary government net expense: $37,638,869
Now obviously this report is huge so I don't expect anyone to research this thing from top to bottom just to ease my pretty little head. But comments
are appreciated. And if anyone has any direct knowledge of this type of report it would be much appreciated to hear the ins and outs of what this
Mr. Burien was either dead on accurate or didn't have a clue what he was talking about. All the information appears to be right here so this thing
can be put to bed right away if the right people respond to this.