Comprehensive Annual Financial Report
The Comprehensive Annual Financial Report (CAFR) is a thorough and detailed presentation of the state's financial condition. It reports on the state's activities and balances for each fiscal year.
What's in the CAFR?
The CAFR is presented in three sections:
- Introductory section - includes transmittal letter.
- Financial section - includes the independent auditor's report and contains management's discussion and analysis, government-wide financial statements, fund financial statements, notes to the financial statements, required supplementary information, combining financial statements, and schedules.
- Statistical section - includes additional financial, economic, and demographic information.
Certificate of Achievement for Excellence in Financial Reporting
Washington state has received the Government Financial Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting for twenty-seven consecutive years.