April 19, 2007
The Comprehensive Annual Financial Report (CAFR) that our team chose to analyze is for the State of Ohio. The CAFR is for the fiscal year that ended June 30, 2006. The information that was reviewed for the CAFR budget analysis was: the population, the State of Ohio’s governmental structure, the size of the budget and its interrelationship with the CAFR, major industries located in the entity, and other pertinent demographic information.
The population for the State of Ohio was compared in an annual estimate of the population for Ohio Counties: April 1, 2000 to July 1, 2006. According …show more content…
Finally, the total governmental and proprietary budged fund group’s totals are: $53,052,433 for adjusted appropriations, $48,370,868 for total committed appropriations, $4,681,565 for uncommitted appropriations, and $47,115,421 for the budgetary expenditures. As you can tell by the above information, the state government’s main financial statement is the budgetary financial report because the budgetary report gives more informative information than the CAFR, even though the two reports have an interrelationship.
Major Industries According to the Ohio Department of Development, (2006), “Ohio is a leading producer of all types of steel. Production, employment, firms, investment, and trends analyzed. Ohio is second in the nation for motor vehicle production. Production, employment, firms, investment and trends analyzed. Next, a traditional hallmark, Ohio's machinery industry is known worldwide for its quality. Ohio leads the nation in the production of general-purpose machinery and ranks second in metalworking machinery. Fourthly, Home to over 1200 establishments, the rubber & plastics industry is a preeminent Ohio employer, centered in the Akron area. Also, Ohio is home to a greater-than-average number of establishments, which produce electron tubes, control process