CAFR Budget Analysis Paper
CAFR Budget Analysis Paper
April 19, 2007
Introduction
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.
Population
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 to the State of Ohio, “the estimated census was 11,353,140 but the July 1, 2006 estimate was 11,478,006. The annual average percentage change was .2%.
Governmental structure The governmental structure for the state of Ohio has three branches, which are the: executive, legislative, and the judicial. The three branches are popularly elected and the elections are on even numbered years. According to answers.com, (2006), “The executive branch of Ohio government comprises six officers elected statewide for four-year terms, all on a partisan ballot: Governor and Lieutenant Governor, elected jointly on a single ticket, Secretary of State, Attorney General, Auditor, and the Treasurer” (P. 1). Secondly, “The legislative branch, the Ohio General Assembly, is made up of two houses—the Senate and the House of Representatives. The House of Representatives is composed of 99 members elected from single-member districts of equal population. Each of the 33 Senate districts is formed by combining three house districts. Senators serve four-year staggered terms and representatives serve two-year terms” (P. 1). Finally, “The judicial branch is headed by the Supreme Court, which has one chief justice and six associate justices, each elected
April 19, 2007
Introduction
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.
Population
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 to the State of Ohio, “the estimated census was 11,353,140 but the July 1, 2006 estimate was 11,478,006. The annual average percentage change was .2%.
Governmental structure The governmental structure for the state of Ohio has three branches, which are the: executive, legislative, and the judicial. The three branches are popularly elected and the elections are on even numbered years. According to answers.com, (2006), “The executive branch of Ohio government comprises six officers elected statewide for four-year terms, all on a partisan ballot: Governor and Lieutenant Governor, elected jointly on a single ticket, Secretary of State, Attorney General, Auditor, and the Treasurer” (P. 1). Secondly, “The legislative branch, the Ohio General Assembly, is made up of two houses—the Senate and the House of Representatives. The House of Representatives is composed of 99 members elected from single-member districts of equal population. Each of the 33 Senate districts is formed by combining three house districts. Senators serve four-year staggered terms and representatives serve two-year terms” (P. 1). Finally, “The judicial branch is headed by the Supreme Court, which has one chief justice and six associate justices, each elected
References: Answers.com. (2006). Retrieved April 13, 2007 from: www.answers.com. Ohio Department of Development, (2006). Retrieved April 13, 2007 from: www.odod.state.oh.us. Ohio Office of Budget and Management Division of State Accounting. (2006). The Ohio Budgetary Financial Report for the fiscal years Ended June 30, 2006. Retrieved April 13, 2007 from: www.tax.ohio.gov State of Ohio. (2007). Comprehensive Annual Financial Report for the Fiscal Years Ended June 30, 2006. Retrieved April 13, 2007 from: www.auditor.state.oh.us. State of Ohio. (2006). Retrieved April 13, 2007 from: www.odod.state.oh.us