A Minor Change to Major Funds
If you are a regular reader of the accounting columns in GFR, you know that we have on several occasions addressed common reporting deficiencies we see in annual comprehensive financial
reports (ACFRs) submitted to GFOA’s Certificate of Achievement for Excellence in Financial Reporting (COA) Award Program. We’ve even had several articles devoted exclusively to the proper calculation of the net investment in capital assets component of net position, as that is a frequent source of errors, award denials, and disappointed applicants.
Publication Date: October 2025
Author: Michele Mark Levine
