Community Solutions Podcast- Budget vs CAFR
In this episode, Andrew and Jason discuss the difference between a budget and a Comprehensive Annual Financial Report (CAFR). It is imperative to know the difference between the two to get an accurate and complete financial picture of a city, county, school board, etc. One is a simple snapshot of what is to be spent from the property tax levy. The other is an entire accounting of an entity’s assets versus liabilities across all accounts. Get up to speed on the basics now!
Entry filed under: Podcasts, Uncategorized. Tags: Andrew Richter, Budget, cafr, city, Community Solutions, Comprehensive Finaancial Annual Report, county, government, Jason Bradley, local, Minnesota, MN, podcast, politics, School Board.