To have a better understanding of what a Comprehensive Annual Financial Report (CAFR) is. It is prepared annually.
Gerald R. Klatt
Lieutenant Colonel, USAF (Ret.) Passed away in 2004.
Lieutenant Colonel, USAF, Retired
USAF Special Investigations School (FBI)
USAF Special Counterintelligence School (CIA)
Defense Language Institute – Chinese Mandarin
Special Agent/Commander, USAF Office of Special Investigations – 20 years
Bachelor of Science in Industrial Business
Extensive post graduate work in accounting (Approx. 35 semester hours)
Masters Degree in Business Management
Professional Military School (Equivalent to a Masters degree in Comptrollership)
Air Force Audit/Management System (B3500)
Auditing Data Processing Systems (USAF)
Former member of the Associations of Government Accountants (AGA)
Former member of the American Society of Military Comptrollers
Former Certified Cost Analyst (CCA) with the Institute of Cost Analysis (Certificate Nr. 233)
Auditor/Commander, – 6 years
Federal Accountant –working primarily in the area of analyzing administrative costs for Federal cost reimbursement for States, counties, cities, universities, non-profit organizations, hospitals, Indian tribes, etc.
Worked with the Comprehensive Annual Financial Report (CAFR) for 15 years.
There is MoreIn 1984 CAFRman used a similar economic impact analysis as explained in this site, with the help of Dr. , Director, Economic Forecasting Center at Georgia State University. At that time the above governments and some private organizations were reluctant to prepare proper cost allocation plans to receive full reimbursement for their costs in administering Federal programs. CAFRman prepared an economic impact analysis to demonstrate the full impact of their lack of concern for administrative cost reimbursement. From that time on, Governors, mayors, etc. were ordering complete and comprehensive cost plans.
Also in 1984, CAFRman created what is now called Cross-Allocation Methodology for allocating administrative costs. Today, almost all of the organizations mentioned above and many companies use Cross-Allocation Methodology in their costing systems.
Purpose of This Site:
Prove that State and local governments have huge excesses (surpluses) of the taxpayers money they are not using.
Provide the methods/tools for about anyone to determine the amount of surpluses their State and local governments have of their money.
Demonstrate the huge economic impact if these surpluses were returned to the people.
Provide a guide to the type of legislation that should be in place in order to prevent the surpluses from accumulating in the future.
Provide a system for a small group of individuals to make an impact in their community.
Submitted by Paul Emde