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Boulder County, Colo. -- Boulder
County has released two financial reports for fiscal year ending December 31,
2014. The Comprehensive
Annual Financial Report (CAFR) and the Popular Annual
Financial Report (PAFR) have been published and are available on the
Boulder County website for viewing.
The
CAFR is an official, audited financial report which includes financial
statements, notes and supplementary schedules. The CAFR is written to meet
statutory and regulatory requirements and is therefore intended for an audience
with a solid financial background.
Analyzing
financial statements in the complex world of governmental financial reporting
can be a challenge — especially for those without accounting backgrounds. With
this in mind, the PAFR was designed to address the complexities by providing a
recap of county finances in an easy-to-read format.
The financial statements used in the CAFR report have been simplified and condensed
for use in the PAFR to make the report more accessible. Combining the important
financial information with graphics, photos and summarized demographic
information helps reach a much wider audience.
The PAFR provides the following key
information:
- A profile of Boulder County, including the leadership and
organizational structure
- Demographics and economic profile of the county, including
employer and housing statistics
- Financial data, including Assets, Liabilities, Revenues,
Expenses and Net Position
- Projects in process and upcoming for the next year
- County awards and accomplishments from the last year
Popular Annual Financial Reports are
not required by state law like the CAFR, but are created for more general
public consumption. Boulder County began publishing PAFRs in 2012.
For more information about the
county financial reports, contact Catrina Asher at 303-441-1013 or finance@bouldercounty.org.
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