What is included in the summary of performance and financial information (SPFI)?

The summary of performance and financial information (SPFI) is designed to provide stakeholders with a concise overview of an entity's operational and financial status. This summary typically includes performance metrics that assess how well the organization is achieving its goals and objectives, along with financial data that reflects the entity's fiscal health, such as revenue, expenses, and budget performance.

By consolidating these key performance indicators and financial figures, the SPFI helps various stakeholders—such as government officials, citizens, and other interested parties—understand the effectiveness and efficiency of the organization in utilizing its resources. It serves to promote transparency and accountability in government operations.

The other options, while relevant to certain operational or financial discussions, do not encapsulate the primary purpose of the SPFI:

• Investment strategies pertain to asset management and financial planning but do not focus on summarizing overall performance or financial status.

• Operational policies refer to the internal guidelines and frameworks governing daily operations, rather than performance and financial outcomes.

• Forecasted future revenues involve projections that may inform budgetary planning but do not represent a summary of past performance or current financial information.

By focusing on performance metrics and financial data, the SPFI offers a clear snapshot of an organization's current standing, providing essential insights for decision-making