Awards

Comprehensive General-Purpose Checklist

The Governmental Accounting Standards Board issued Statement No. 98, The Annual Comprehensive Financial Report, in October, 2021, and was effective for fiscal years beginning after December 15, 2021. Statement No. 98 replaces the term "comprehensive annual financial report" and its acronym with the new term "annual comprehensive financial report" and its acronym, ACFR. The comprehensive general-purpose checklist reflects the new term and acronym.

This comprehensive general-purpose checklist includes questions that are applicable to general-purpose governments, school districts and stand-alone business-type activity governments. GFOA no longer expects to maintain specialized checklists for school districts and stand-alone business-type activities, being that a majority of the requirements for both are already contained in the comprehensive general-purpose government checklist. The comprehensive general-purpose government checklist now contains a column indicating if a checklist question is specific to a school district (labeled as “school”) or to a stand-alone business-type activity (labeled as “BTA”).