Original sentence: A CAFR (or AFR, as it is called for any publicly traded company such as IBM or Microsoft {who are required by the U.All of these other government operations have their own budgets and separate investment accounts but their financial holdings are not combined with the general purpose operating budget that the same local government presents to the public.Securities and Exchange Commission (SEC) to send their AFR to every shareholder each year}) by contrast, a CAFR, is meant to report the overall financial results in whole of all agencies and departments: both budgetary, autonomous, enterprise(such as is the case in government of city owned golf courses), recycling, water, sewer, and financial management agencies, created since the inception of that local government in combination with the current fiscal year general purpose budget
Edited sentence: A CAFR or AFR, as it is called for any publicly traded company, such as IBM or Microsoft (who are required by the U.All of these other government operations have their own budgets and separate investment accounts but their financial holdings are not combined with the general purpose operating budget that the same local government presents to the public, so, they each may have separate CAFR reports, in some cases.Securities and Exchange Commission, SEC, to send their AFR to every shareholder each year, by contrast, a CAFR, is meant to report the overall financial results, in whole, of all agencies and departments, both budgetary, autonomous, enterprise (such as is the case in government of city owned golf courses), recycling, water, sewer, and financial management agencies, which were created since the inception of that local government, in combination with the current fiscal year general purpose budget.Some publicly funded non-profits have claimed they are not subject to the public records laws and their reports are not subject to open records acts, by example, news stories covering the Kentucky Association of Cities KACo and Counties whose spending has come under scrutiny by the Lexington Herald Leader has exposed these types of entities.and their surpluses and spending