What's a CAFR? Well, since you asked, it a Comprehensive Annual Financial Report. The CAFR for the Coastal Environmental Partnership was just published, literally, 2 days ago.
Miriam and Randy hard at work
Miriam Sumner, our Financial Officer, and Randy Gray, Williams, Scarborough, Smith and Gray, LLP, did an awesome job putting this publication together. It contains the results of the financial transactions occurring during the year ended June 30, 2010.
The North Carolina Local Government Finance Act requires that we have our accounts audited annually by a certified public accountant or by an accountant certified by the Local Government Commission (LGC) as qualified to audit local governments.
It would be very difficult to summarize our CAFR in a short blog. Believe me, it's a work of art and Miriam has the awards to prove it. For 16 consecutive years now the Government Finance Officers Association has award Miriam its Certificate of Achievement for Excellence in Financial Reporting. Way to go Miriam!