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Town’s ‘easy to understand’ financial report available

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WAKE FOREST — The fourth edition of a guide designed to help inform citizens about the town’s financial condition, the “Popular Annual Financial Report” is now available.

Also known as the “Citizens’ Financial Report,” the document is an abbreviated summary of the town’s comprehensive annual financial report .

Offering financial and operational information in a summarized format, the 16-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 Citizen’s Financial Report,’” said Chief Financial Officer Aileen Staples. “This publication elevates our ongoing efforts to provide transparency on how the town’s financial resources are allocated in a simpler, more summarized format.”

The 2019 PAFR is now available for viewing on the town’s website at http://bit.ly/2019PAFR. A digital version will also be provided in the coming days on the town’s open data portal.

For more information, contact Staples at 919-435-9461 or astaples@wakeforestnc.gov.

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