Comprehensive Annual Financial Reports

Authoritative standards encourage governments to issue their basic financial statements in the broader context of a comprehensive annual financial report (CAFR). The CAFR provides a thorough and detailed presentation of the City of Charleston's financial condition. It reports on the City's activities and balances for each fiscal year.

Sections

The CAFR is presented in three sections:

  • Introductory Section - including the transmittal letter.
  • Financial Section - including the independent auditor's report, 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 - including additional financial, economic, and demographic information.

The City's fiscal year ends on December 31st. CAFRs are normally posted on the website during the third quarter of the subsequent year.

Comprehensive Annual Financial Reports