Certified Government Financial Manager (CGFM) 2026 – 400 Free Practice Questions to Pass the Exam

The category in the Statistical Section of the Comprehensive Annual Financial Report (CAFR) that provides information about revenues by source and expenditures by function is the financial trends category. This section illustrates how financial position and condition have changed over time, offering insights into the governmental entity's fiscal health and its revenue structures. By analyzing trends in revenues and expenditures, stakeholders can better understand the financial activities and priorities of the government entity over multiple years.

This information is crucial for users of the financial statements, such as policymakers, analysts, and the public, as it reveals patterns and shifts in revenue streams as well as spending priorities across various functions. This understanding aids in forecasting future revenues and expenditures, which is essential for effective budgeting and financial planning.