Comprehensive Annual Financial Reports
The Comptroller’s Comprehensive Annual Financial Report (CAFR) is a New York City Charter mandate §93(l) that requires its publishing within four months after the close of each fiscal year.
The CAFR can be used as a resource tool to obtain information on the following:
- Comptroller’s Letter of Transmittal: High-level overview of the CAFR and reports from the Divisions and Bureaus of the Comptroller’s office.
- Independent Auditors’ Report: Auditors’ most recent opinions concerning the City’s audited financial statements.
- Management’s Discussion and Analysis: Narrative overview and analysis of the financial activities of The City of New York.
- Government-Wide and Fund Financial Statements: Financial statements prepared in accordance with accounting policy and standards.
- Notes to Financial Statements and Required Supplementary Information: Explanations for the information that appears in the financial statements.
- Fiduciary Fund Statements: Financial statements for the fiduciary funds, including the five New York City Pension Trusts.
- General and Capital Fund Detailed Schedules of Revenues and Expenditures: Summary of revenues and expenditures, by City agency and by program.
- Financial Trends and Other Statistical Information: Required supplementary information, as per the Government Accounting Standards Board (GASB) Statement no. 34.