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D.C. announces 6th straight budget surplus. (News & Numbers).(District of Columbia)
Amid the almost daily reports of dire fiscal conditions for state and local governments, the District of Columbia announced in January that it ended its last fiscal year September 30 with a $27 million surplus--the sixth surplus in as many years.
The surplus will increase the district's general fund balance to $865 million. Most of this amount is reserved for either contingencies or debt service, leaving $115.3 million available for appropriation.
The district's fiscal 2002 CAFR was the first to be submitted under the new financial reporting model outlined in GASB Statement No. 34. KPMG LLP, the district's independent auditor, issued an unqualified audit opinion on the financial statements.
"With the issuance of this CAFR, the district has established that the process is now routine, with no concerns over its timeliness or securing a clean opinion," Chief Financial Officer Natwar M. Gandhi said in a briefing before the Council of the ...
- DISTRICT OF COLUMBIA: CFO: CAFR Delay Is OK.
- Magazine article from: The Bond Buyer Schroeder, Peter December 31, 2007 700+ words
...rating. The district inspector generals...audit of the districts fiscal 2007...report. The CAFR includes...2007. The district says it will...audit of the district. Officials...delay, the districts CAFR should still...
- DISTRICT OF COLUMBIA: CAFR Ready for Release.
- Magazine article from: The Bond Buyer Ackerman, Andrew January 29, 2007 700+ words
The district is poised to release Wednesday its comprehensive...expected to mark the tenth straight year the district has posted a balanced budget and the sixth...its oversight powers Oct. 1, 2001. The CAFR for fiscal 2005 reported that the city...
- Issuing a CAFR: suggestions for facilitating the process. (comprehensive annual...
- Magazine article from: Government Finance Review Glasper, Rufus Williams, James M. October 1, 1993 700+ words
...guide the preparation and issuance of a CAFR. An article in the October 1992 issue...Comprehensive Annual Financial Report (CAFR) or a Component Unit Financial Report...date. They promoted preparation of the CAFR/CUFR and the consistent receipt of the...
- San Diego Releases Overdue 2003 CAFR.
- Magazine article from: The Bond Buyer Saskal, Rich October 4, 2006 700+ words
...fiscal year 2003. Release of the 2003 CAFR, which has not yet received the approval...investigation, a spokesman said. The draft CAFR Sanders released Monday incorporates a...Sanders said he was releasing the draft CAFR to back up another recent policy initiative...
- Georgia Plans Up to $600M in August, Pending Release of CAFR.
- Magazine article from: The Bond Buyer Sigo, Shelly July 11, 2005 700+ words
...comprehensive annual financial report, or CAFR, this past February, and a report with...end audits needed to compile the state CAFR. Like the process followed in 2003 to...b)(5)" and that the annual audited CAFR would be filed as soon as it was available...
- Assembly Member Parra Named CAFR 2006 Legislator of the Year.
- Press release article from: PR Newswire January 13, 2007 700+ words
...California Association of Firearms Retailers (CAFR) named California State Assembly Member Nicole Parra (D - Hanford) the CAFR 2006 Legislator of the Year earlier today...California," said Marc Halcon, president of CAFR. "We are pleased to honor Assembly...
- GEORGIA: CAFR Beats the Clock.
- Magazine article from: The Bond Buyer DeSue, Tedra January 5, 2006 700+ words
...that it was the fastest completion of the CAFR audit in the state's history. The faster...auditing process. A delay in filing the CAFR for fiscal 2004 - which resulted from the...record with its completion of the 2005 CAFR, the industry standard for government...
- CALIFORNIA: Still No San Diego CAFR.
- Magazine article from: The Bond Buyer Saskal, Rich November 3, 2006 700+ words
...officials, and the resignation of the previous mayor, Dick Murphy. The city can't release its 2004 CAFR until it has a certified 2003 CAFR. (c) 2006 The Bond Buyer and SourceMedia, Inc. All rights reserved. http://www.bondbuyer...
Source: HighBeam Research, D.C. announces 6th straight budget surplus. (News &...