Analysis Of The Financial Report Prepared By The County Of...

The paper is an analysis of the financial report prepared by the County of Santa Barbara. The financial report contains all the details containing its financial activities for the year ended June 30 2015. The financial report has been prepared in accordance with the laws as established by the state of California which require counties to submit a financial report for each financial year. The current condition of the economy is further discussed using some tools that give additional details about the financial report. In the accounts are some of fiscal issues that may arise. However, for the sake of this essay, only three issues have been picked for further evaluation. The issues picked for evaluation are of concern to the public and governments at both national and regional levels. Santa Barbara County has witnessed economic growth in the last five years in sectors such as real estate and tourism. Per the financial report, the future looks bright of the county and its residen ts. The federal government is an interested party in the development agenda of the counties and the role it plays in these activities of the regions is also evaluated. Fiscal Policy Analysis – Santa Barbara County In the state of California, each county’s authorities required by sections 25250 25253 of the Government Code of the State of California to submit the Comprehensive Annual Financial Report (CAFR) after the end of their financial year (Stickney, Brown, Wahlen, 2007).Show MoreRelatedComprehensive Cafr Analysis - Ventura County11444 Words   |  46 PagesCOUNTY OF VENTURA CAFR ANALYSIS PA615 – Public Financial Management Instructor, All Holliman California State University, San Bernardino Carrie Harmon, Scott Perkins, Dana Cano, Veronica Pinkett-Veal, Lydia Khalil, Holly Benton June 10, 2010 Contents Executive Summary 2 Cover, Table of Contents and Formatting 3 Introduction 3 Independent Auditor’s Report 5 Management’s Discussion and Analysis 6 Basic Financial Statements 6 Government-wide Financial Statements 7 Fund FinancialRead MoreFundamental Financial Accounting Concepts13807 Words   |  56 PagesEighth Edition Fundamental Financial Accounting Concepts Thomas P. 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