CAFR INFORMATION FOR UNAWARE CITIZENS

STRONGLY  SUGGEST  YOU  PRINT  AND  RETAIN  A  COPY  FOR

EDUCATIONAL PURPOSES  AND THEN  FORWARD TO  EVERYONE.

ENITIES WANTING MORE OF YOUR HARD EARNED MONEY!

Unmasking The CAFR Scam In Every City, USA (IMPORTANT INFO-LONG)

Posted By: Lymerick
Date: Sunday, 14-Dec-2014 04:21:54

As more and more cities, counties, districts, and states across America falsely declare their near- insolubility,

bankruptcy warnings, fiscal deficits, and budgetary quandaries, I am left with the sinking feeling that “the people”

just can’t wrap their heads around how to point out these misleading and downright fallacious claims made by

their councils, mayors, and professional con-men in places of public trust.

And personally, I’m tired of watching…

So today I want to share with you a simple way to factually stand before your local or state political “leaders”

and give indisputable proof that, when stating the “facts” about their own budget shortfalls, limited choices,

and necessary raising of your hard-earned monies as taxation (revenue) to “balance the budget”, your own

little criminal syndicate of elected mayors and council men and women are lying bold-faced to the entire

citizenry through the act of subterfuge and omission.

This little factoid is uniform throughout the entirety of the financial structure of government, as reported in the

audited Comprehensive Annual Financial Report and required by Federal and State laws. It is always reported

in the same fashion and under the same heading as all other governments (municipal corporations). These figures

are not disputable.  The truth is unshakable.  And yet the doublespeak will never end… For even as you present

this one simple line item to the scoundrels themselves behind their raised and protective pedestals, they will still

attempt to deny what is undeniable, be it in ignorance or in deceit; usually a mix of both.

So, here it is… a tool for all people to easily use:

Step 1:

First YOU must find your city/county/district/or state CAFR, which can sometimes be challenging.

A search on your favorite search engine of “Your City” “Comprehensive Annual Financial Report” “Year” will generally

do the trick. You may need to add the state after the city, or you may need to go to your government’s website to

find these CAFR’s. If they are not to be found online, then your government is required to hand over a hard-copy or

digital copy to you upon request.. It's the law, folks!

Now that you have the CAFR in front of you, you are probably overwhelmed with all of the nonsensical figures, financial

wizardry, and creative accounting that is presented in over 100 pages of a pure accounting nightmare.

But don’t worry, you can ignore all that. For our purposes, we are only concerned with one single page of this entire

report. And this page is specifically listed in the index as the “STATEMENT OF NET ASSETS“. This page is generally

in the first 10-30 pages of the CAFR report, and will always be listed in the index.

For the purposes of this lesson, here is an example CAFR from the City of Pacifica, Ca.I found this with a search

parameter of “Pacifica Comprehensive Annual Financial Report 2011″, and clicked on the 5th link down which took

me to the finance department of the “City Of Pacifica” website.

LINK –> http://www.cityofpacifica.org/depts/finance/cafrs/default.asp

Click on the “2011” link to open the CAFR .pdf, and go to the index.

Here you will see, as with all other CAFR reports, an entry for the “STATEMENT OF NET ASSETS“, listed under the

FINANCIAL SECTION, and under “GOVERNMENT-WIDE FINANCIAL STATEMENTS”. This tells us to go to page 17

of this particular Comprehensive Annual Financial Report to find our “statement of net assets”.

That’s it! This is the hardest part of the whole process.

Now breathe… it’s all simple from here on in – and quite an eye-opener!!!

Step 2:

BIG SNIP-MUCH MUCH MORE INFO WE NEED TO KNOW AND USE AT LINK