The second edition of a guide designed to help inform citizens about the town’s financial condition is now available.
For the second consecutive year, Wake Forest has prepared the Popular Annual Financial Report (PAFR). Also known as the Citizens’ Financial Report, the document is an abbreviated summary of the town’s Comprehensive Annual Financial Report (CAFR).
Offering financial and operational information in a summarized format, the 12-page report provides an overview of the town’s financial results in a manner that is easy to understand by those without a background in public finance or accounting.
In addition to providing financial data, the PAFR highlights information about Wake Forest’s demographics, elected officials, ongoing initiatives, and the Town’s strategic plan.
The PAFR aligns with Goal 4 of the town’s strategic plan: Enhance Fiscal Strength; Objective A: Maintain public trust in the sustainability of the Town’s financial system.
“We are very excited to present the town’s second Citizen’s Financial Report,” said Chief Financial Officer Aileen Staples. “This publication elevates our continued efforts to provide transparency on how the Town’s financial resources are allocated in a simpler, more summarized format.”
The 2017 PAFR is now available for viewing on the Town’s website at www.wakeforestnc.gov/popular-annual-financial-report.aspx. A digital version will also be provided on the Town’s new Open Data Portal. Hard copies are also available at the Wake Forest Town Hall, 301 S. Brooks St.
For more information, contact CFO Aileen Staples at 919-435-9461 or astaples@wakeforestnc.gov.
