2023 PAFR offers easy to understand overview of Town finances

For the eighth straight year, the Town of Wake Forest has prepared a financial highlights publication designed to educate and inform citizens about the Town’s finances. 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 2023 edition is available for viewing on the Town website at http://bit.ly/TOWFPAFR.

Offering financial and operational information in a summarized and informative format, the 16-page report provides an overview of the Town’s financial results in a manner that is easy to read and understand by anyone without a background in public finance or accounting.

In addition to providing important financial data (pages 5-7), the PAFR highlights the Town’s strategic plan (page 4), major initiatives (pages 8-9), demographics (page 14), major employers (page 15), and more.

“We are excited to present our 2023 Citizen’s Financial Report,” said Finance Director Sam Sanchez.

“We take our responsibility as stewards of Wake Forest’s financial resources seriously and strive to provide efficient Town services through sound financial management,” she continued. “The PAFR is another way we provide transparency on how resources are allocated while offering citizens an opportunity to learn about and participate in Wake Forest’s financial activities. A special thanks to our talented graphic designers, Bess Martinson and Michele Barnes, for presenting this information in such an appealing and easy-to-read manner.”

For more information on the 2023 PAFR, contact Sam Sanchez at 919-435-9480 or [email protected].