Latest topics
» Loud & Mysterious Trumpet sounds coming from the sky, US, Jan 6th
Today at 1:27 am by PurpleSkyz

» UFO News ~ The best of 3 years UFO hunting - The evidene - UFO's are REAL ! plus MORE
Today at 12:24 am by PurpleSkyz

» Mars Photos That Could Change The Way You Look At The Red Planet Forever! What Is Up There?
Today at 12:21 am by PurpleSkyz

» Command Sergeant Major Robert Dean reveals all he knows - UFO's are REAL!
Today at 12:15 am by PurpleSkyz

» The Fight Over Mandatory Vaccinations at the State Level – Update
Today at 12:13 am by PurpleSkyz

» #QTard Drama Theater - Q Dark To Light plus more
Today at 12:09 am by PurpleSkyz

» Bright green METEOR FIREBALL disintegrates in LOUD RUMBLE over Florida night sky
Today at 12:03 am by PurpleSkyz

» Blue Chicken Cult – David Wilcock: Ascension Through the Ages
Yesterday at 8:08 pm by PurpleSkyz

» Body Language: Trump Declaring National Emergency for Border Wall
Yesterday at 7:52 pm by PurpleSkyz

» The Truth About the Foo Fighters. Richard Dolan.
Yesterday at 5:21 pm by PurpleSkyz

» New Abe Froman Dave Schmidt / Meta 1 scam video..enjoy!
Yesterday at 4:43 pm by PurpleSkyz

» Huge earthquake in Bolivia reveals vast underground mountain range BIGGER than anything on Earth’s surface
Yesterday at 3:35 pm by PurpleSkyz

» RUTH BADER BLACKOUT
Yesterday at 3:31 pm by PurpleSkyz

» SIRIUS The Brightest Star Will Disappear February 18, 2019
Yesterday at 12:57 pm by PurpleSkyz

» UFO News ~ UFO Shoots Over Several Cities In England plus MORE
Yesterday at 12:55 pm by PurpleSkyz

» #QTard Drama Theater - HYSTERICAL OVER A LARP!! RATS EVERYWHERE!!! WHERE'S RUTH??? plus more
Yesterday at 12:54 pm by PurpleSkyz

» CRITICAL INFORMATION(!)DC IS HIDING *THIS* ENORMOUS FACT ABOUT VENEZUELA FROM EVERYONE(!)
Yesterday at 11:59 am by Consciousness Of Economic

» Nuclear Power Plants Have Become The Clearest Threat To Humanity
Yesterday at 11:58 am by Consciousness Of Economic

» RIVER SWELLS 37 MILES BOMBSHELL WHAT THERE NOT TELLING YOU ABOUT THE WEATHER
Yesterday at 11:57 am by Consciousness Of Economic

» Kay Griggs Military Electronic Warfare, Gangstalking, Electronic Harrasment
Yesterday at 11:57 am by Consciousness Of Economic

» Signs of Reset Italia – Bank Of Italy
Yesterday at 11:55 am by Consciousness Of Economic

» The Mystery of Bent Pyramid of Egypt - Part 1
Yesterday at 11:32 am by PurpleSkyz

» Incredible Black snow is falling in Siberia
Yesterday at 11:28 am by PurpleSkyz

» THE long-lost mummy of an Egyptian Pharaoh ‘removed to hide TRUTH’
Yesterday at 11:24 am by PurpleSkyz

» WWW.HiveMind.Progress
Yesterday at 1:01 am by PurpleSkyz

» Top 10 Most Advanced Hologram Technologies out there - Project blue beam
Yesterday at 12:56 am by PurpleSkyz

» 2019 World Predictions From Psychic Whose 2018 Prophecies Was Spot On
Yesterday at 12:48 am by PurpleSkyz

» ORBS Exit Underground Entrance in La Rioja, Spain
Yesterday at 12:40 am by PurpleSkyz

» What is making this strange noise in the sky over Justice, Illinois?
Yesterday at 12:13 am by PurpleSkyz

CLICK THE SUBSCRIBE BUTTON BELOW TO RECEIVE OUR DAILY NEWSLETTER

A 2ND EMAIL COMPLETES THE ACTIVATION PROCESS




CLICK THE PURPLE BUTTON TO VIEW OUR LATEST POSTS






CHARITY WATER PROJECT
100% OF DONATIONS GOES TO PROVIDING CLEAN WATER TO THOSE IN NEED


www.charitywater.org

1 in 10 people lack access to clean water. We’re on a mission to change that. Here’s how.



Private donors cover our operating costs so 100% of your donation will bring clean water to people in need.

www.charitywater.org




You are not connected. Please login or register

Out Of Mind » THE INSANITY OF REALITY » GOVERNMENT & THE NEW WORLD ORDER » CAFRs, the little publicized report

CAFRs, the little publicized report

Go down  Message [Page 1 of 1]

1 CAFRs, the little publicized report on Sat Aug 03, 2013 3:13 pm

PurpleSkyz

PurpleSkyz
Admin
CAFRs, the little publicized report

Its especially pleasing and productive when we are also able to act as a conduit for key national or community issues and are then better equipped to back up all your interests and aspirations. 

The CAFR issue is very poignant and well addressed by Nigel. It merits its own article, which we issue in tribute to his own thoughtful community work.




One World of Nations
By Nigel, 3 August 2013


Most government bodies (city, county, state) are required by federal law to compile and submit to the Government Financial Officers Association a Comprehensive Annual Financial Report (CAFR). These little publicized reports can reveal a significantly different financial picture than more commonly used budgets. The CAFR is for the previous year of actuals rather than future plans. Walter Burien at www.cafr1.com presents the case that California and almost all states are over funded.

Walter Burien
To expand on that, the CAFR can best be viewed as a balance sheet much like that which corporations issue, listing all assets and liabilities. It is required by federal law that a CAFR be issued annually by ALL government entities: Federal, state, county, city, US Postal Service, Social Security Administration, Retirement plans, etc. You get the idea. There is a large number of CAFRs issued each year, perhaps approaching 20,000; maybe many more. While CAFRs are not hidden, they are not publicized. Rather, the discussions of the finances of a government entity center on its budget, which is just a presentation of annual revenues from taxes and fees, as well as expenses for the year. The financial picture presented by these two documents is quite different.

It is a lot of work to review a CAFR and come away with a complete understanding. For example, the CAFR for the State of California is about 300 pages! Fortunately, Clint Richardson has done a lot of the work for us. His overview (published on his blog on 5/25/2012) of California's CAFR can be read here:

http://realitybloger.wordpress.com/2012/05/25/california-government-hides-billions-from-taxpayers/

It is very clear that Clint is a political activist and has a clear agenda. However, don't let his rhetoric get it the way of your careful consideration of the facts that he presents.

A bit later (July 21, 2012), Clint published a piece on his blog about CalPERS:

http://realitybloger.wordpress.com/2012/07/21/california-fools-californians-into-higher-taxes-again/

Two things jumped out at me:

1) "In fact, if CalPERS liquidated all of its investments today at today’s market value it could easily pay future pension benefits for the next 15-20 years." It doesn't look underfunded to me.

2) "Also notice that for the last 20 years, this fund has attained an above average return on investments, 7.7% compared to the desired 7.5%. This is the wonderful aspect of the CAFR – it allows you to see previous cycles so as to not be fooled by media sound bites. Here, CalPER’s confirms the data in the financial statements that prove that this fund is wealthy beyond even the stated CalPER’s long term goals."

For those of you that have the interest and the time and strength (vitamins and other nutritional supplements recommended), I suggest viewing Clint's YouTube presentation, in which he touches on CAFRs from government entities on many of the states:


It is lengthy at nearly 4 hours. However, for this and many YouTube videos you can select a faster or slower speed. If you are a fast listener (as I am), you can reduce the time from 4 hours to 2 hours and 40 minutes. When the video is playing, click on the "gear" icon on the lower right. Then select 1.5x from the right column of the small pop-up window. You'll get used to the faster speed in a short time and save 1/3 of the listening time.

As noted above, please ignore Clint's rhetoric; the facts speak volumes on their own. No need to throw out the baby with the bath water.

Here are some time markers for sections that I found interesting:

1) 1:38:45 - 1:56:40 - New York State's RE investments

2) 2:36:54 - 2:42:08 - CalPERS stock ownership

3) 2:42:08 - 2:51:53 - CalPERS

4) 3:35:09 - 3:40:25 - US Postal Service

5) 3:40:25 - 3:47:30 - Social Security

6) 3:47:30 - 3:54:43 - Conclusion

Posted by canauzzie at 2:00 am

Thanks to: http://canauzzie.blogspot.com

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum