Carrollton Publishes Annual Financial Report Fit for the Masses

The City of Carrollton recently published the 2023 Popular Annual Financial Report, or PAFR, for the community to review a high-level, easy-to-read compilation of the City's budgetary and financial status.

The 2023 PAFR covers the fiscal year October 1, 2022, through September 30, 2023, and includes not only financial information, but also a community profile, an overview of Carrollton's activities and accomplishments from the past year, a look ahead at exciting local developments, and trend data for Texas municipalities. Information in this report is guided by best practices established by the Government Finance Officers Association (GFOA).

The goal of the 2023 PAFR is to provide Carrollton citizens with a synopsis of how the City is meeting established financial standards and ideals, enabling the community to review a high-level, easy-to-read compilation of the City's budgetary and financial status.

"We're pleased to unveil the 2023 PAFR because we know our residents will appreciate the wide range of financial information the document offers," Diana Vaughn, Chief Financial Officer, said. "The PAFR breaks down Carrollton's financial highlights such as the General Fund balance, property and sales tax data, as well as additions to the City's capital assets. Staff and Council work hard to maintain Carrollton's strong financial position and this report summarizes the results of the past year for our residents."

The City of Carrollton received an Award for Outstanding Achievement in Popular Annual Financial Reporting (PAFR) for the fiscal year 2022 and is continuing its high-quality financial offering once more by publishing the 2023 PAFR.

The award is given in November by GFOA and is a prestigious national award recognizing conformance with the highest standards for preparation of state and local government popular reports. GFOA considers receipt of this award a significant City achievement.

A digital version of the report is available for review on the City's website. To flip through Carrollton's 2023 PAFR for a deeper insight into the City's strong fiscal performance and responsible spending practices, visit cityofcarrollton.com/accounting.