Financial Reporting

Using the latest Comprehensive Annual Financial Report (CAFR, FY2017, FY 2018, and FY 2019). Analyze the financial reporting of one of the largest cities in FloridaTallahassee.

What Should You Report On?
The following are stated as minimal. You might read or seeother things worthy of note. But here
are the starters:
I. Overview A brief overview of city budget process andfiscal institutions.
II. Revenue Forecasting Practice: Does the city useconsensus revenue forecasts?
Does the state provide a long-term projection for bothrevenues and expenditures?
How accurate is the revenue forecasting? Does the city needto adjust their forecasting after the budget is adopted?
You can do web searches on the city (please citeappropriately). Finally, if you are presenting
financial information over time (per capita income or percapita debt are examples), you should
adjust your number for inflation. Remember, however, thatratios are self-adjusting by virtue
of their computation and the fact that they represent asnapshot in time. Dollar amounts are a
different storythey should be adjusted for inflation toshow a true picture. 

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