2021 PAFR offers easy to understand overview of Town finances

For the sixth straight year, the Town of Wake Forest has prepared a guide to educate and inform citizens about the Town’s financial condition. Known as the Popular Annual Financial Report (PAFR) or Citizens’ Financial Report, the document is an abbreviated summary of the Town’s Comprehensive Annual Financial Report. The current edition is available for viewing on the Town website at http://bit.ly/TOWFPAFR.

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 of which the PAFR aligns with Goal 4: Enhance Fiscal Strength.

“We are very excited to present our 2021 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. A special thanks to our talented graphic designers, Bess Martinson and Michele Barnes, for presenting this information in such an appealing and easy-to-understand manner.”

For more information on the 2021 PAFR, contact CFO Aileen Staples at 919-435-9461 or [email protected].