The CAFR: Read All About It

As we've been reporting this week, the city has received its Comprehensive Annual Financial Report from BDO Seidman and the news isn't great. Yes, D.C. scored a "clean" audit, which is critical for its standing on Wall Street. But the auditors, in their "yellow book" addendum, cited the city for three "material weaknesses", the most serious level of concern below an "unclean" audit, for the financial management of the Office of Tax and Revenue, the public schools and Medicaid.

The yellow book runs a good 80 pages, which you can read if you're interested in all the gory details.