Comprehensive Annual Financial Reports (CAFR)
CAFR stands for Comprehensive Annual Financial Report. A CAFR is a set of financial statements for a state, municipality or other governmental entity that comply with the accounting requirements established by the Governmental Accounting Standards Board (GASB). Even when they’re available online, deciphering county financial reports can be a challenge. The Texas State Comptroller’s website has developed a Guide to Understanding Comprehensive Annual Financial Reports (CAFRs) and accompanying videos.