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ANOKA COUNTY Comprehensive Annual Financial Report Year

ANOKA COUNTY Comprehensive Annual Financial Report Year 2025

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The document is the Comprehensive Annual Financial Report (CAFR) for Anoka County, Minnesota, for the year ended December 31, 2009. It provides a detailed overview of the county's financial position, including statements of revenues, expenditures, and changes in fund balances across various governmental funds. The report highlights the county's strong financial management practices, compliance with accounting standards, and includes sections on financial trends, revenue capacity, debt capacity, demographic information, and operating indicators. Key financial data includes total net assets of approximately $493 million and a significant increase in capital assets due to various infrastructure projects. The report also discusses the county's initiatives in economic development and public safety services.

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What is a financial year report?

An annual report is a detailed report that shows a companys operations and financial performance in the preceding 12 months. This information is of interest to shareholders and potential investors.

What is the difference between a budget and a comprehensive annual financial report?

A budget is a plan for a future fiscal period, typically a year, primarily showing how tax revenue will be allocated; a ACFR contains the actual results of the prior years financial activities.

What is the annual comprehensive financial report?

An ACFR is compiled by a state, municipal or other governmental accounting staff and audited by an external American Institute of Certified Public Accountants (AICPA) certified accounting firm utilizing GASB requirements. It is composed of three sections: Introductory, Financial and Statistical.

What is the year end financial report?

Year-end financial statements are a set of comprehensive reports that summarize your companys financial health and performance for its entire fiscal year. They include: Income statement: a summary of your companys revenues, expenses, gains, and losses over the fiscal year.

What is the year-end in finance?

Fiscal year-end is the last day of a companys 12-month accounting period, which is used for financial and tax reporting purposes. If a company has a fiscal year-end that is the same as the calendar year-end, it means that the fiscal year ends on Dec. 31.

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What is an end of financial year statement?

End of financial year statements are summary documents only and are not intended to replace any document which contains information that may be required for taxation purposes.

What is annual end of year report?

The annual report is a financial document that businesses provide to shareholders, potential investors, employees and analysts as a source of information about the past years performance and financial well-being.

ANOKA COUNTY Comprehensive Annual Financial Report Year 2025

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