Introduction

This special section contains the results of some of our reviews of selected CAFRs. Also, included are summary economic impact analyses of the potential surpluses. We will be adding to this section other reviews as they are accomplished and prepared for this section.

Abbreviated Review Process

The reviews in this section are called "abbreviated reviews" (hereafter referred to as "AB Reviews"). The reviews are called abbreviated because the reviews are not the total amount for a particular government, only part of the total story. These AB Reviews use the Investments Method (Packages 4, 5 and 6) outlined in other areas of this site.

We use the same method as outlined in Packages 4, 5, and 6. We recommend listing each fund and subfund and determine whether the investments amount should be potential surpluses as we have done in most of the review examples provided. The total then becomes the potential surpluses.

To assist in understanding the decisions that we made pertaining to each fund and subfund we provide a list of the funds found in the California 1999 CAFR. ( Funds )

The CAFR Schematic

Here is a repeat of what is contained in the "Surplus Review Guide" portion of this site pertaining to The CAFR Schematic. It is repeated here because many people may not have read it in the main portion of the site and it is important to understand the system used.

In order to better understand the types of CAFRs in existence we have prepared a schematic that shows our designations for the types, e.g. S1, C2, CY2, etc. These type designations will be used in other areas of this site.

Other CAFRs (S2, C2, and CY2):

There are approximately 83,000 CAFRs that are prepared annually. Some are duplicates of data already contained in the S1, C1, and CY1 government CAFRs. Many entities are not included in the S1, C1, and CY1 government CAFRs. Here is a partial list of the types of entities that are "quasi-government" entities created by S1, C1, and CY1 governments. Some are monopolistic type entities that collect fees, tuition, etc./receive revenues from the public, directly or indirectly. Others receive direct funding from governments.

The Washington DC Airports

An example of an Other CAFR (S2) is the Metropolitan Washington Airport Authority. It states:

"The Authority is a public body politic and corporate, created with the consent of the Congress of the United States by the District of Columbia Regional Airports Authority Act of 1985, as amended, and Ch. 598, Virginia Acts of Assembly of 1985, as amended. The purpose of this entity is to plan, provide and actively manage world class access to the global aviation system in a way that anticipates and serves the needs of the National Capital area."

It basically manages the Ronald Reagan Washington National Airport (DCA) and the Washington Dulles International Airport (IAD)

The Authority's CAFR as of December 31, 1998 disclosed that this one S2/CY2 CAFR had $515.8 million in potential surpluses. The District of Columbia and the Commonwealth of Virginia both prepare CAFRs and should share in these potential surpluses.

Total Per Capita Computations

To compute the total potential surpluses applicable to a person, here are some of the combinations and CAFRs that should be reviewed in order to get a total for each person and family of 4 for all governments affecting a person or family.

1. Residents living in unincorporated county area:

a. Unincorporated county school system:

     CAFRs to Review for Per Capita Computations

Type			Per Capita	Total Benefits
S1	State	State-Level CAFR
S2		Other State CAFRs
C1	County	County-Level CAFR (1)
C2		Other County CAFRs (1)
C3		Unincorporated county school system CAFR(s) (1)
		Total Per Capita...	$x,xxx	$x,xxx
		Family of 4...	$xx,xxx	$xx,xxx

(1) Use unincorporated population for per capita computations.

b. County-wide school system:

CAFRs to Review for Per Capita Computations

Type			Per Capita	Total Benefits
S1	State	State-Level CAFR
S2		Other State CAFRs
C1	County	County-Level CAFR (1)
C2		Other County CAFRs (1)
C3		County-wide school system CAFR(s) (2)
		Total Per Capita...	$x,xxx	$x,xxx
		Family of 4...	$xx,xxx	$xx,xxx

(1) Use unincorporated population for per capita computations.
(2) Use total county population for county-wide school system per capita computations.

2. Residents living in the incorporated (city/village) area:

a. Incorporated (city/village) school system:

CAFRs to Review for Per Capita Potential Surplus Computations

Type			Per Capita	Total Benefits
S1	State	State-Level CAFR
S2		Other State CAFRs
CY1	City/Village	City/Village-Level CAFR (1)
CY2		Other City/Village CAFRs (1)
CY3		Incorporated (City/Village) school system CAFR(s) (1)
		Total Per Capita...	$x,xxx	$x,xxx
		Family of 4...	$xx,xxx	$xx,xxx

(1) Use incorporated (city/village) population for per capita computations.

b. County-wide school system:

CAFRs to Review for Per Capita Computations

Type			Per Capita	Total Benefits
S1	State	State-Level CAFR
S2		Other State CAFRs
CY1	City/Village	City/Village-Level CAFR (1)
CY2		Other City/Village CAFRs (1)
C3	County CAFR	County-wide school system CAFR(s) (2)
		Total Per Capita...	$x,xxx	$x,xxx
		Family of 4...	$xx,xxx	$xx,xxx

(1) Use incorporated population (city/village) for per capita computations.
(2) Enter the per capita amount from 1-b-C3 above.

The above charts should be used only if a person wants to compute the total potential surpluses from all governments.

Many people are only interested in a particular school district, city, or county. In these instances then only the applicable CAFR need be reviewed. There probably will be enough potential surpluses in the S1, C1, and/or CY1 CAFRs in which to take some action and the review of Other CAFRs (S2, C2, and/or CY2) would be unnecessary.

In the list of State-level (S1) CAFRs shown below, we believe that there are sufficient potential surpluses to warrant action without additional (work) reviews. If the action is to have a citizens audit of the government for determining actual surpluses, we would let the audit/review team find the Other CAFRs (S2, C2, and/or CY2). It is easier for a audit/review team to locate these Other CAFRs in an on-site audit/review than for you to attempt it from the outside.

Conditions in the Review Process

The conditions of the results of the AB Reviews shown below are as follows:

Cautions

A reference to this site and stating that a particular State, county, city, or school district has so much in "surpluses" would not be a true statement. The reasons are as follows:

1. Potential surpluses are what the AB Reviews identify, not actual surpluses.

2. The AB Reviews only cover the type of CAFR that is being reviewed. The schematic and total per capita computations reflected above show that only a portion of the total was reviewed.

3. The AB Reviews were conducted using the data provided in the CAFR, with minimum additional research. Each individual's determinations as to whether a particular fund/account has potential surpluses may differ based on the individuals knowledge of the fund/account of the government being reviewed.

NOTE: CAFRman.com and the CAFRman Team are not responsible for your use of, or results achieved from any information or service received by you as a result of your use of the data/information contained in this section.

Results of Reviews

A 10 year projection of returning any of the above per capita amounts produces astronomical economic benefits. This is because the economics, tax reductions, etc., go on and on, although each year at a reduced rate.

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