The Comprehensive Annual Financial Report (CAFR) that I used to develop important and unique financial and budget data covers the Elizabeth School District. Once I have gathered initial impressions and interim conclusions from the CAFR and the districts' website for the period ending June 30, 2013, I will provide an overview of the financial and budgetary issues by comparing and contrasting the differences found based on the initial review and after the interview with the company administrator. Also provide new information found after the interview that was not included in the CAFR. Next, I will highlight important topics to better understand the context of the district's budget and financial data. The last part of the components will highlight specific impressions and conclusions about the field research assignment. The Elizabeth School District is part of Union County located in Elizabeth, New Jersey. The district has 34 schools that provide a full range of educational services and serve students in kindergarten through 12th grade. This includes regular, vocational and special education for handicapped youth. The City of Elizabeth is the fourth largest municipality and fourth largest school district in New Jersey out of 603 districts. The community is culturally diverse and ever-expanding. About 68% of students are classified as Hispanic; 22% Black, 8% White, and 2% Asian. The student body is estimated to speak 44 different languages, with the largest percentage of students speaking Spanish, English, Haitian Creole, and Portuguese, accounting for 13 percent of students enrolled in bilingual education. From 2000 to 2013 the school population increased by over 5,350 students. During 2012-2013 t...... half of document ......appropriated budgets are made for the general fund, special revenue fund, and debt service fund approved by city voters. The method used to account for pending purchases is commitment accounting that is closed at the end of the year or canceled. If left open they are accounted for in the reappropriations of the fund balance in the following year called reserves. The accounting system is organized based on funds and groups of accounts illustrated in the CAFR notes.Works Cited http://ballotpedia.org/Elizabeth_Public_Schools,_New_Jersey#cite_note-15http://www.elizabeth.k12.nj.us/education /components/scrapbook/default.php?sectionid=1http://ww w.nj.com/news/index.ssf/2011/08/2_elizabeth_school_district_of.htmlhttp://www.state.nj.us/education/data/ http://www.state.nj.us/education/finance/ fp/cafr/search/13/1320.pdf