The Comprehensive Annual Financial Report provides detailed information regarding the County’s financial position and activities and adheres to the reporting requirements for state and local governments. The main components of the CAFR include the Letter of Transmittal, Management’s Discussion and Analysis, the Basic Financial Statements, and the Statistical Section.
County of Nevada State of California
Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2017
The Single Audit report is prepared in accordance with the Single Audit Act Amendments of 1996 and the Office of Management and Budget Circular A-133, Audits of State, Local Governments, and Non-Profit Organizations. The report includes a schedule of expenditures of Federal awards, the independent auditors’ reports on internal controls and compliance with applicable laws and regulations, and a schedule of findings and recommendations.
The Sanitation District is a component unit of the County and is a legally separate organization. Since they are essentially part of the County’s operations, their financial information is included in the CAFR at a summary level and is presented in more detail in these separate financial statements.