Do you know where your money is? This series will help you find out.
COLUMBIA, Mo 3/7/14 (Beat Byte) --
CAFR Chat? What's that? It's our new periodic series on the
most important document at City Hall
Comprehensive Annual Financial Report
or CAFR (pronounced "kafer").
With news of a
petition to audit City Hall
, the city manager's failed TIF push, and the Feb. 17 kerfuffle over how much
cash the city has in its sewer utility fund
, people are asking: Is Columbia really
too poor to afford infrastructure upgrades?
How much cash does City Hall really have?
For the answer,
turn to page 53
in the latest CAFR:
How much of that money is off-limits, and could never be spent on infrastructure, more police, and other critical city services? The answer is on the same page: