Do all communities create a Comprehensive Annual Financial many do?

Not all communities issue a Comprehensive Annual Financial Report , and even less receive the Certificate of Achievement for Excellence in Financial Reporting from the GFOA. The Certificate Program was established by the GFOA in 1945. It was instituted to encourage all governments to prepare and publish an easily readable and understandable Comprehensive Annual Financial Report . The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by the township and its management.

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1. Does Canton have a budget?
2. What are the major funds?
3. Can funds be transferred between funds for operating purposes?
4. How is the Finance Department different from the Treasurer?
5. Describe the budget approval process.
6. What is an Annual Finance Report?
7. Do all communities create a Comprehensive Annual Financial many do?
8. How many years has Canton prepared a Comprehensive Annual Financial Report?
9. When and how does Canton borrow money?
10. What is Canton's allocation of local property taxes?
11. What are enterprise activities?
12. How is the sewer and water funds administered?
13. How is State of Michigan revenue sharing calculated?
14. What is the difference between Constitutional vs. statutory revenue sharing?
15. What is the allocation of property tax collections by fund?
16. What systems are used for the various Township functions?