The CAFR is often described as a general purpose financial report because it is designed to satisfy the information needs of a wide array of users and stakeholders.Tasks:Identify at least 5 user...

The CAFR is the Comprehensive Annual Financial Report, which is a document that outlines the financial position of a government entity. The report includes information on the entity's revenues, expenditures, assets, and liabilities. The CAFR is intended to give stakeholders an understanding of the entity's financial health and provide transparency into its financial operations.
Q1: User Groups of CAFR: Following are the user groups of the CAFR:
1. Municipal Officials: The CAFR provides information that is helpful for municipal officials to assess the overall financial health of the municipality. The sections and statements that are most helpful for municipal officials include the Introductory Section, the Financial Section, and the Statistical Section.
2. Bond Rating Agencies: The CAFR provides information that is helpful for bond rating agencies to assess the municipality's creditworthiness. The sections and statements that are most helpful for bond rating agencies include the Introductory Section, the Financial Section, and the Management's Discussion and Analysis.
3. Investors: The CAFR provides information that is helpful for investors to assess the municipality's financial stability and investment potential. The sections and statements that are most helpful for investors include the Introductory Section, the Financial Section, and the Management's Discussion and Analysis.
4. Residents: The CAFR provides information that is helpful for residents to assess the municipality's overall financial health and performance. The sections and statements that are most helpful for residents include the Introductory Section, the Financial Section, and the Statistical Section.
5. Businesses: The CAFR provides information that is helpful for businesses to assess the municipality's overall financial health and performance. The sections and statements that are most helpful for businesses include the Introductory Section, the Financial Section, and the Statistical Section.
Question 2: Services which could be performed by a Non-Profit organization:
The City of Austin provides a number of services that could be provided by non-profit organizations, including public health and human services, parks and recreation, and library services. Following is the screenshot from the CAFR highlighting the major branches of services which are performed:
Following are the amount of expenses which are incurred on some of these services:
There are a number of non-profit organizations that provide these services in Austin, including the Austin Public Health Foundation, the Austin Parks Foundation, and the Austin Public Library Foundation.
The Austin Public Health Foundation (APHF) is a 501(c)(3) organization dedicated to improving the health and well-being of the Austin community through philanthropy and partnerships. APHF was founded in 2002 by a group of concerned citizens who wanted to make a difference in the health of their community. APHF is governed by a Board of Directors made up of community leaders and health...