Final answer:
A complete CAFR presents fund statements to reflect its nonmajor funds whenever a nonmajor column is used in one of the fund statements.
Step-by-step explanation:
A complete CAFR (Comprehensive Annual Financial Report) presents fund statements to reflect its nonmajor funds whenever a nonmajor column is used in one of the fund statements.
The purpose of a CAFR is to provide financial information about a government entity, such as a state, city, or school district. It includes three sections: the introductory section, the financial section, and the statistical section.
One of the main components of the financial section is the fund statements, which include the government-wide financial statements and the fund financial statements.
The fund statements reflect the financial activities of different funds, such as the general fund, special revenue funds, capital projects funds, and debt service funds.