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
