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To Reiterate, ‘Read My Lips: Read Their (and USA’s) AUDITED Financial Statements: Follow The Funding, Notice Data Base Degradation/Consolidations, Too!’ (Another @LetUsGetHonest Formerly Pinned Tweet) [Post Begun Sept. 25, 2022].

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This is one of my shortest posts ever — its purpose is just to move a pinned Twitter thread (and while at it, the previous one) from my profile there to a post on this blog. I said a few things in context, but not nearly as much as usual!  Total length on publication only about 1,300 words!//LGH

Well, with this Footnote I had to add (next image gallery), about 1,800 words.  You’ll see why it had to be added on the footnote..

Please also read an important and last-minute “ACFRs, f/k/a CAFRs” Footnote I must add, because (after my promoting this term for about a decade on this blog, on Twitter, and to people individually as I talk with them about family court, domestic violence, fatherhood, child-protection/welfare entities, enterprises, and of course about the philanthropic sector (sic) generally — these all, at some levels, generally file financial statements (audited ones, ideally), the Government Finance Officers Association (“GFOA”) which regulates how (what were formerly called “CAFRs”) should be produced and formatted, awarding “Certificates of Excellence” for doing so as appropriate — to governments, state, county and even the USA, has now changed its policy: they are to be called instead AFRs.  Actually, the policy changed a little over a year ago; I just hadn’t been “cc’d” on the announcement.  Understandable, as most government entities, while they often post such reports, don’t exactly feature them…  GFOA states the basics with a colorful “#EndTheAcronym.” here.


Moving on….

Although the two formerly pinned Twitter threads I’m moving both contain more than just  “US Treasury AFR (Audited Financial Report) FYE June 2021,” that link is a vital one.  Parts of its “report” (more than just the statements) are directed towards the public to explain its own terminology, who and what is reporting by type of entity, and the basic parts of any such AFR (“Audited Financial Report) include tables of contents to both front and back matter (i.e., the Notes and any accompanying schedules).

Of course a whole country’s report for just one year (and usually the prior year’s for comparison) is going to be massive, but it’s also informative.  It will have acronyms — but it defines those acronyms.

An AFR should never be confused with an “Annual Report” (often found instead of such statements and reports that enfold the financial spreadsheets that are the guts of it).  Annual Reports especially of private corporations, including tax-exempt foundations, whether public or private as to their categorization by the IRS (i.e., whether they’ll file a Form 990 or a Form 990PF) who wish to have a public profile and feature their grant-making or philanthropic traits, are sometimes (too often, in my opinion) offered up as a substitute offering — perhaps it’s expected the public will just go away and not ask for more details.

Again, “an Annual Report =/= an Audited Financial Statement” (whether “CAFR” for governments or just “Audited FS” for private businesses.  Then there are the financial reports (with embedded financial statements AND Notes to them, etc.) which may be found on public-traded corporations as provided for the SEC (Securities Exchange Commission), annually.  When I read them, I rarely read 100% of the words, but I do scan by sections and read a lot of them.

Anyhow, essentially “From Twitter to Blog and Back (again).”

Here’s the short-link to this post.

https://wp.me/psBXH-fhq

Basic Content: My formerly Pinned Twitter Thread (April 28, 2022) Moved Here Sept. 25.

Title: To Reiterate, ‘Read My Lips: Read Their (and USA’s) AUDITED Financial Statements: Follow The Funding, Notice Data Base Degradation/Consolidations, Too!’ [Sept. 25, 2022]. (short-link ends “-fhq“)

My Twitter Profile (currently) has a short-link to a post which (for now) I’ve embedded into the Twitter Profile: http://wp.me/psBXH-ccQ.  That short-link leads to this post: “One Thread, Many Images, (My) Basic Drill-Down Messages Re: NFJCFJ, AFCC, CAFCASS, “Alienation,” “Domestic Abuse Trainings” (AFCC does, too..), “Arguing PAS, etc.” [Feb. 20, 2020]

I did not know at the time, a global pandemic and lockdown was imminent..

Both times (Feb. 20, 2020 and now, Sept. 27, 2022), move is to declutter Twitter

without losing valuable (basic-principles-) content or a quick way to point to it.

My “Formerly Pinned Tweet (up since April 28, 2022, moved Sept. 27)” is a thread, the various tweets within including the first one had attachments; I tired of scrolling down below it to read current ones and so moved it here.  Since my post here has both links, to save limited character space on Twitter, I’m just replacing the short-link ending “-ccQ” with this one,  which as you can see, ends “-fhq.”  You getting a “two-for-one” link.  Please use them both, they are public and for public benefit for insight

It talks and exhorts all of us to focus more on talking economics  than “FamilyCourtReform,” “Family Court,” or (preventing) “Domestic (Family) Violence” Jargon, anyway… None of those fields would exist without some economic and accounting infrastructure to the extent they involve ANY government operations, or support. Therefore, literacy on how government (and private) entities account for themselves FINANCIALLY is essential to comprehending much at all about these other fields (or any other fields of personal interest).

I’m seeing more than I can keep up with the need to publicze (blog about) a move away from accountability for tax receipts (country-specific; my focus is of course the U.S.A. as where I live) to “platform” ownership, i.e., proprietary and digital collections, distributions and even ‘decision-making” within and by government.

Sophisticated and FAST movement of funds and information at some level, while increasingly “obfuscatory” (smoke screens, diverting attention, and defusing attempts for defined accountability FOR THE PUBLIC which PROVIDES THE BACKBONE OF THE PROFITS (business and governments both). We are used as a resource, not just serviced.  Burying data further and further away from us, and from formats which enable us to talk individually and collectively about it (I have years of experience witnessing how many layers of extraction and presentation are necessary to even provide a demonstration, a teaching example) while coordinating program dissemination and distribution for those “in on it” accelerates.

There’s not even a pretense of not “incubating, accelerating” or taking control of entire communities by public/private partnerships in which the public is essentially unrepresented, though we live in their buildings, and pay to finance their roads, downtowns, projects, and from time to time, billion-dollar-bailouts.  Why should we not be privileged to see the overview as the planners do?


Nevertheless, goth “formerly pinned Twitter threads” emphasize following the financing of government and private entities, and show ways these are de-emphasized or hidden, legally and at times illegally.  Information still relevant; I just had to realize, it’s not visually inviting.

Don’t know why yet, but Twitter is still claiming my own Tweets aren’t my own, therefore I can no longer view the analytics (i.e., see how many — more often, how few — people are engaging or viewing the Tweets).  Before this, Twitter began marking most (thgouth not all) my tweets as “Warning, May Contain Sensitive Material” and I still wonder how and why after nearly a dozen years and thousands of tweets, some short, some long, many responsive to others’ output, there are not even 500 followers,  or for that matter even 400.

I don’t believe it’s the material — or then, again, perhaps it IS the material:

My topics are relevant, my voice is legitimate, at some points controversial and I believe the message crucial to future justice (or hopes at obtaining more of it), analysis (of what happened to it), and basically, truth.

Here’s that embedded Tweet. Perhaps people just need a sense that they are following people already in power (i.e., experts), or those with access to it and lots of followers.  Unfortunately (for the numbers) my policy isn’t to  — cater to the Left (or, to the Right), THEN spring the major content on people:  you’ve been mislead thinking that’s the issue, or a solution to the issues. Follow the funding, and thinkin about how this relates to your taxation (social engineering), to history, to (whichever country it be), your rule of law under your own governments, and whether or not you subscribe to a one-world government as the road to world peace.

Has it been?  How’s that been going since World War II?

Anyway, to preserve this information, but change my Twitter home page:

https://platform.twitter.com/widgets.js

The End.

 

Well, almost:

Just when you think hitting “PUBLISH” is a good idea…

“ACFRs, f/k/a CAFRs” Footnote

While tagging this post, of course I mentioned CAFRs but sometimes it’s called (on government websites) an “AFR” or simply “Audited Financial Report.  I want to emphasize that Financial Statements (audited or otherwise) aren’t the same as Financial Reports which contain those statements (audited or not).  The reports contain much more, and all of it relevant to our understanding governments — the United States, for example, has MANY internal and subsidiary government entities (often called “States”) as do most states.

Just before publishing, in searching the (Written-out) term “Comprehensive Annual Financial Report” I came across Washington State’s, which also referenced a “GFOA” decision (request) to all its partners and those who might be pronouncing this term aloud (something I didn’t do as a blogger; I wrote and thought of it, mentally pronouncing each individual letter “C” “A” “F” “R.”

I had noticed the designation (name and with name, acronym) change, but until just now hadn’t understood the rationale for it.   Read #EndTheAcronym for yourself– it was racially insenstitive, possibly associated (when pronounced as a word) with a term associated with South African Apartheid, as explained by the GFOA (feel free to look up
GFOA…). The statement dated March, 20s appealed to those who might be familiar enough with this form and enough aware of the existence of such reports, to be saying the name aloud (by phone? in person? in webinars, podcasts, voicemail or other audio internal and external communications?)

So much for my own publication of the concept of #CAFRs (in written form) as important to the public, as well as any and all tags I’ve made involving them herein, a separate blog looking them up systematically (TheEconomicBrain.Wordpress.com, if I recall it right) (“Cold,Hard.Fact$”), and for all the work, at least under the searchable term “CAFR” put in before me by WalterBurien, CarlHermann, and others (which I’ve also featured herein) pointing out, like me, that a BUDGET =/= A BALANCE SHEET and that actually reading gov’t CAFRs (now “ACFRs”) is an eye-opening, if not mind-blowing experience about all we currently hear and think about government, at least from politicians…

But I’m sure the acronym change was about racial sensitivity and not further burying or altering searchable terms which might lead to discovery of what, in its own terms, our governments, plural (in the USA) are doing, and with whom and for how much.


To go back to the top of this (short, for a change) post, click:

Title: To Reiterate, ‘Read My Lips: Read Their (and USA’s) AUDITED Financial Statements: Follow The Funding, Notice Data Base Degradation/Consolidations, Too!’ [Sept. 25, 2022]. (short-link ends “-fhq“)

 

 

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