What on earth is the CAFR?
“The Comprehensive Annual Financial Report,” John McClain with the Division of Administration explained recently, while giving freshman legislators a brief lesson in state finances.
“The goal of the CAFR is to provide data on the state’s financial health, as a whole,” McClain said, while going over the salient points of Louisiana’s CAFR for 2015. While the 217-page report seems complicated at first glance, he says it’s really designed to answer one simple question:
“How well can our current resources cover the claims on those resources.”