What is a CAFR?
The CAFR is the Township’s Comprehensive Annual Financial Report. The CAFR presents two types of statements, one focusing on the Township as a whole (government-wide) and the fund financial statements. The government wide financial statements provide both short-term and long- term information about the Township’s overall financial status. The fund financials focus on individual funds and report the source, use and balance of current financial resources. This report is audited by an independent auditing firm as well as the Government Finance Officers Association (GFOA). In addition to financial statements prepared in accordance with generally accepted accounting principles (GAAP), the CAFR provides readers with a wide variety of statistics on Canton Township.
