Which of the following is true regarding the Comprehensive Annual Financial Report CAFR?
A) The CAFR has three main sections: introductory, financial, and statistical.
B) Required supplementary Information includes a Budgetary Comparison Schedule for the General Fund and all major special revenue funds that have a legally adopted annual budget unless a statement is prepared.
C) Both of the above.
D) Neither of the above.

Question

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The CAFR has 3 main sections; introductory, financial and statistical. A budgetary comparison schedule is required of the General Fund and each major special revenue fund that has a legally adopted budget.

Which of the Following Is True Regarding the Comprehensive Annual