CAFR Confession


A friend and listener to our local AM station took our interview with the mayor of Salt Lake County, where he admits to the county CAFR and over $650 million in extra fund balances. He also included the CAFR pages I read from as reference.

Though I already posted the interview (audio only), I feel like this is the most important public official confession as to the wealth of the government as shown in government’s financial statements.

Please pass this on…

Also, learn more about government Comprehensive Annual Financial Reports (CAFR’s) with CAFR School, here:

Part 1: The State of Wisconsin CAFR –

https://realitybloger.wordpress.com/2011/03/01/wisconsins-real-financial-situation-explained/

Part 2: Introduction to CAFR – City of Aurora, Co –

https://realitybloger.wordpress.com/2011/03/03/cafr-school-a-lesson-in-financial-accounting/

Part 3: Advanced study – State of Minnesota CAFR –

https://realitybloger.wordpress.com/2011/03/09/cafr-school-part-2-minnesotas-state-cafrs-explained/

Now compare these to your own local, county state, and school district CAFR’s.

.

–Clint Richardson (realitybloger.wordpress.com)
–Tuesday, July 12, 2011

 

 

 

 

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8 Comments

  1. Smith

     /  July 24, 2011

    Thank you for sharing these very important video with us and i agree with you it is the most important public official confession as to the wealth of the government.

    Reply
  2. Milton Friedman was saying this 30 years ago.

    Reply
  3. Zyzyxx

     /  August 6, 2011

    WOW, it got cut off just when we’re getting into the skulduggery that fleeces the people. We need a follow up commentary.
    If I have savings to spend to pull my self out of obligations do you think the IRS wouldn’t rape my funds?
    So why in hell isn’t the Corporation being fleeced instead of the people…again? What good is saving for the future to keep the corporation alive if it has no living people to run it?
    ARGGGGGGGG!

    Reply
  4. Aaron

     /  September 27, 2011

    @ Clint, you should really publish your email somewhere on this site so people can contact you. I am really interested in the whole using CAFRs to account government assets but quite frankly those documents are really hard to interpret and there needs to be a lot more resources for figuring this out for each individual fund. In other words we need a comprehensive guide w/ references to interpret and point out the necessary information within each CAFR. If you can be of any help in this issue please let me know. Thank you in advance
    -Aaron

    Reply

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