The New York Combined Annual Financial Report (CAR) is an annual report that provides a comprehensive overview of the financial activities of the State of New York. It is made up of three reports: the Government-wide Financial Report, the Fund Financial Report, and the Notes to the Financial Statements. The Government-wide Financial Report provides a broad overview of the state's financial position, and the Fund Financial Report provides a detailed analysis of the state's funds and activities. The Notes to the Financial Statements provide explanations and additional details on the state's financial activities. The report is prepared by the New York State Office of the Comptroller and is audited by an independent auditing firm. The CAR is an important source of information for citizens, businesses, and government entities. The report is used to inform policy decisions and to monitor the state’s financial health.