ACC 460 week 2 Learning Team Comprehensive Annual Financial Report Budget Analysis

May 1st, 2015
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ACC 460 week 2 Learning Team Comprehensive Annual Financial Report Budget Analysis

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CAFR Budget AnalysisTeam A ACC460DateInstructor AbstractThe state population, government structure, budget, industries, and demographic information are in separate sections of the Idaho Comprehensive Annual Financial Report (CAFR). Complete details of each of these areas are in this analysis.CAFR Budget AnalysisThe Idaho state Comprehensive Annual Financial Report (CAFR) contains three sections; introductory, financial, and statistical. For users of the CAFR different area become of interest, so a financial statement user uses each of these sections. This paper is an analysis of the state population and government structure from the introductory section. The financial section details the budget and its relationship to the CAFR, followed by major industries and demographic information in the statistical sectional. The team discusses the population first; the other areas follow this topic. Introductory SectionPopulationAn important factor in estimation of Idahos state budget and acquiring federal funding allocations rely heavily on population. Based on the 2010 Census for the state of Idaho, its population has increased from 1,293,953 in 2009 to 1,567,582 in 2010. This represents a 21.1% rate increase in population for the state from April 2009 through April 2010 putting Idaho fourth nationally in population growth (LMI Idaho, p. 1, 2012). At 2011 Cale

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