Popular Annual Financial Report

The Popular Annual Financial Report, or PAFR, is prepared to inform Wake Forest residents about the town's finances in a format that is easy to understand by those without a background in public finance or accounting. The document is designed for readers who would like to review financial and operational information in a summarized format. It also provides non-financial information to give users a better understanding of the community as a whole.

What you will find in the PAFR

Profile of the town, including leadership and organizational structure
A message from Town Manager Kip Padgett
Information about the town's strategic plan, including key goals
Demographic and economic profile of the town
Financial data, including Assets, Liabilities, Revenues, Expenses and Net Position
Projects and developments in process and upcoming for the next year
Finance and budget awards and accomplishments