Which of the following is one of the three sections of an annual comprehensive financial report?

• A. Budgetary Comparison Schedule.
• B. Notes to the Financial Statements.
• C. Independent Auditor's Report.
• D. Statistical Section.

Answer: (D)

An annual comprehensive financial report is organized into three broad sections: Introductory, Financial, and Statistical. The Statistical Section stands apart as the part that collects and presents long‑term data and indicators—financial trends, debt capacity, demographics and economic statistics, and operating data—to give readers context about the government’s financial environment over time. The Budgetary Comparison Schedule typically appears within the Financial Section as required supplementary information, not as a separate major section. The Notes to the Financial Statements are also part of the Financial Section, providing detail about accounting policies and individual line items. The Independent Auditor’s Report is presented with the financial statements but is not one of the three major sections itself. Therefore, the Statistical Section is the one that fits as one of the three major sections.