Which of the following is NOT a basic section of a typical CAFR?

In a Comprehensive Annual Financial Report (CAFR), the sections are designed to provide a comprehensive picture of a government's financial position and its operational performance. The basic sections typically include the introductory section, financial section, and statistical section.

The introductory section gives an overview of the government and the CAFR's content, setting the context for the financial information that follows. The financial section includes the government-wide financial statements and other financial statements that reveal the financial standing and results of operations. The statistical section is intended to provide additional data that puts the financial statements in context, such as demographic and economic information, performance measures, and historical trends.

The term "investment section" is not a standard component of a CAFR. While investment information might be included within the financial or statistical sections as part of the overall financial data, it does not constitute a standalone section recognized in the structure of the CAFR. This distinction clarifies that "investment section" is the correct response since it does not align with the established format comprised of the introductory section, financial section, and statistical section.