Questions about the NC Comprehensive Annual Financial Report

[beggarz]

@jelightbourn The thing that has to be focused on is not whether they know about the CAFR. The last ace they have up their sleeve is feigned ignorance - however, in the positions they hold, ignorance of such fundamental facts surrounding the true business their office is purported to over see, is by definition gross incompetence.

Thus, they should be given two options : either they are corrupt, or have no idea what they are doing. Either way they should be IMMEDIATELY removed from office.

[NiteAngel]

castration is the answer

[supreme600]

Hi there i believe the 5.6 billion would be their total net assets or net worth. What you need to do is look at the 2007 amount and subtract the 2008 figure to see how much the government had grown. Theoretically in this economy the government should have shrunk that number to save some of the tax payers money.

[supreme600]

I looked it up in the 2007 CAFR. There was $17 billion in assets and $11 billion in liabilities with a total net asset of $6.3 billion. Subtracting the $5.6 billion 2008 figure the government had a decrease of $.7 billion. However according to your other video with Beth Woods alot of these numbers are projected (actuarial accounting) so there is no telling what the actual figures are. I think we need to look into the pension funds to get a better picture of whats going on.