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Comprehensive Annual Financial Report

The Comprehensive Annual Financial Report is a thorough and detailed presentation of the state's financial condition. It reports on the state's activities and balances for each fiscal year.

What's in the annual financial report?

The report is presented in three sections:

  1. Introductory section - includes transmittal letter.
  2. Financial section - includes the independent auditor's report and contains management's discussion and analysis, government-wide financial statements, fund financial statements, notes to the financial statements, required supplementary information, combining financial statements, and schedules.
  3. Statistical section - includes additional financial, economic, and demographic information.

Past reports

For older archived reports, see the State Library.

Certificate of Achievement for Excellence in Financial Reporting

Washington state has received the Government Financial Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting for 32 consecutive years.

About the name of the report

The Governmental Accounting Standards Board and the Governmental Finance Officers Association have recommended that states and other industry affiliates stop using the four-letter acronym commonly associated with the Comprehensive Annual Financial Report. You can learn more about that recommendation on the GFOA website.

Last updated
Wednesday, March 24, 2021
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