Using the information contained in Washington DC’s CAFR, describe their financial position. (CAFRs are public documents and are readily available on the internet.)
Consider the following in forming your view of their financial position:
-What are the fund balances in each reported fund?
-How does the government examine the results for the general fund?
- Review the management discussion and analysis section.
-What notes and material changes are in the CAFR?
-Can you identify any significant policy changes?