The New Mexico Finance Authority (NMFA) is a statewide public finance agency that was created in 1998 to help provide financing for public-sector projects. The NMFA has a full range of financing programs and services available to help support economic development, job creation, and capital improvements throughout New Mexico. One of the most important documents for understanding the NMFA and its financial activities is the Comprehensive Annual Financial Report (CAFR).
The CAFR is an annual report that provides an overview of the NMFA’s financial position and activities. It is an important document for investors, creditors, and other stakeholders to review when considering the NMFA’s financial health and stability. The CAFR is prepared in accordance with the Governmental Accounting Standards Board (GASB) and includes audited financial statements and management’s discussion and analysis.
What is Included in the New Mexico Finance Authority CAFR?
The CAFR includes the following: Financial Statements, Management’s Discussion and Analysis, and Supplementary Information. The Financial Statements provide an overview of the NMFA’s financial position as of the end of the fiscal year. These statements include the Statement of Net Position, Statement of Revenues, Expenses, and Changes in Net Position, and Statement of Cash Flows. The Management’s Discussion and Analysis is a narrative overview of the NMFA’s financial performance and provides an in-depth analysis of the financial statements.
The Supplementary Information section provides additional information about the NMFA’s financial activities. This section can include information about the NMFA’s investments, debt and other financing activities, and other topics. The CAFR also includes a Report of Independent Auditors, which is a summary of the conclusions of the independent auditor’s examination and review of the NMFA’s financial statements.
Why is the New Mexico Finance Authority CAFR Important?
The CAFR is an important document for those interested in researching the financial position and activities of the NMFA. It provides an overview of the NMFA’s financial performance and provides an in-depth analysis of the NMFA’s financial statements. The CAFR also includes additional information about the NMFA’s investments, debt and other financing activities, and other topics.
The CAFR provides a comprehensive review of the NMFA’s financial position and activities, and is an important document for investors, creditors, and other stakeholders to review when considering the NMFA’s financial health and stability. The CAFR is also an important source of information for the public to review when considering the NMFA’s financial activities and performance.
Where Can I Find the New Mexico Finance Authority CAFR?
The CAFR is available on the NMFA’s website at www.nmfa.com. The CAFR is updated annually and is typically released in the spring. The most recent CAFR can be found on the NMFA’s website under the “Financials” tab.
What Are the Benefits of Reviewing the New Mexico Finance Authority CAFR?
Reviewing the CAFR is beneficial for those interested in understanding the NMFA’s financial position and activities. The CAFR provides an overview of the NMFA’s financial performance and provides an in-depth analysis of the financial statements. The CAFR also includes additional information about the NMFA’s investments, debt and other financing activities, and other topics.
The CAFR is an important source of information for investors, creditors, and other stakeholders to review when considering the NMFA’s financial health and stability. The CAFR is also an important source of information for the public to review when considering the NMFA’s financial activities and performance.
Conclusion
The New Mexico Finance Authority CAFR is an important document for understanding the NMFA and its financial activities. The CAFR provides an overview of the NMFA’s financial position and activities and is an important source of information for investors, creditors, and other stakeholders to review when considering the NMFA’s financial health and stability. The CAFR is available on the NMFA’s website and is updated annually.
