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Running head: ANALYSIS OF CAFR AND CCR REPORTS
An Analysis of the CAFR and CCR Reports
ANALYSIS OF CAFR AND CCR REPORTS
The analysis is laying focus on the State of California Comprehensive Annual Financial
Report of the fiscal year that ended 30th June of 2014. This report was prepared by the office of
the state controller. This report is prepared by the state government in order to show transparency
and accountability in utilization of California State public funds. It furthers analyses the financial
position whether stable or unstable and the accrued deficits to either domestic funders of national
funding. The target audience of this report is the California citizens, the governor and the State of
California. In addition, it submits also the CCR report which informs the citizens on the safety of
their drinking water which comprises attachment of the water results sample.
The Entities of the State of California CAFR Report
The CAFR analyzes the economic overview of the State of California where it is ranked
first in population composition but 3rd in its land coverage. It analyses the economic activities
and their contributions to the states GDP. In this case in agricultural it is the most productive.
Retail and wholesale trade, government public activities, health care services, business activities
and the food services and hotels form the main constituents that build up the economy. The
annual contribution to nations GDP the California states contributes more...