Annual Comprehensive Financial Reporting (ACFR)

      What is an ACFR?

      • The Annual Comprehensive Financial Report (ACFR) is a set of financial statements that provide a thorough and detailed presentation of a school district's financial condition and goes beyond the minimum information necessary for fair presentation in conformity with generally accepted accounting principles (GAAP).

        At a minimum, the Annual Comprehensive Financial Report contains three sections: 1) introductory, 2) financial, and 3) statistical. The financial section provides information on each individual fund and component unit. The statistical section is an important source of information regarding a school district's economic condition; many schedules include 10 years of data to allow for broader context evaluation. 

      Last Modified on February 1, 2024