During fiscal year 2021, the governmental accounting community and standards board discontinued the use of the acronym associated with the term "Comprehensive Annual Financial Report" as a result of increasing professional awareness that the acronym sounded the same as a derogatory term used historically in other parts of the world. The State’s financial statements subsequent to fiscal year 2020 will be referred to as the Annual Comprehensive Financial Report or “ACFR”. Previous years' reports, while titled "Comprehensive Annual Financial Reports", will also be referenced as "ACFR" when an acronym is referenced.
The Financial Reporting team prepares the Annual Comprehensive Financial Report (ACFR) and other budget and accounting reports. These reports and accounting services provided by the team are vital to the state budget and accounting officers as well as Utah residents.
The team also oversees the following programs and services:
Statewide Accounting Policies
Internal Control Program
Payment Card Industry (PCI) Compliance
ACT and B & A
ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR)
Audited financial statements which report the state's financial position and results of operations, as well as certain demographic and statistical information.
STATE OF UTAH BONDS
Information regarding the State of Utah bonds.
FISCAL YEAR FINANCIAL HIGHLIGHTS
The information is updated with the most recently available data. However, the financial data is neither comprehensive nor audited. Final audited financial information is available in the Annual Comprehensive Financial Report (ACFR) when it is published.