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Provide a comprehensive description of how a city has spent its revenue over the past fiscal year. The City of Alexandria, Virginia, provides quality instructions for how to read and understand a CAFR. Because CAFRs can be difficult documents to read, it is recommended that you first locate and review the City of Alexandria”s description of the different sections of a CAFR. Then review the CAFR of the city you selected.

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A budget is a prospective document detailing how a city plans to spend money. A CAFR is a retrospective document identifying how the money was actually spent. Therefore, an evaluation of both the budget and the CAFR provide a complete picture of the fiscal health and priorities of the city. For this assignment, obtain a […]

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