Wake Forest PAFR earns ninth consecutive financial reporting award

WAKE FOREST, NC – The Government Finance Officers Association (GFOA) has again named the Town of Wake Forest as the recipient of the GFOA’s Award for Outstanding Achievement in Popular Annual Financial Reporting for its Citizens’ Financial Report for the fiscal year ended June 30, 2025. This marks the ninth consecutive year the Town has earned the award.

Valid for one year, the Award for Outstanding Achievement in Popular Annual Financial Reporting is a prestigious national award recognizing conformance with the highest standards for preparation of state and local popular reports. To receive the honor, a government unit must publish a Citizens Financial Report or Popular Annual Financial Report (PAFR), whose contents conform to program standards of creativity, understandability, distribution methods, reader appeal, and other elements.

The PAFR is prepared to inform Wake Forest community members about Town finances in a format that is easy to understand for 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. To view the Town’s 2025 PAFR, visit http://bit.ly/WF_PAFR.

“We couldn’t produce this report without our talented graphic designers,” said Assistant Town Manager/Chief Financial Officer Aileen Staples. “Thanks to their creativity and expertise, we can share complex financial data in an engaging, attractive, and accessible way that makes the information more interesting and easier to understand.”

A professional association headquartered in Chicago, Illinois, the GFOA advances excellence in government finance by providing best practices, professional development, resources, and practical research for more than 28,000 members and the communities they serve. For more information, email Finance Director Sam Sanchez at ssanchez@wakeforestnc.gov.