The City of Carrollton received an Award for Outstanding Achievement in Popular Annual Financial Reporting (PAFR) for fiscal year 2022. 

The award was given in November by the Government Finance Officers Association (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.

In order to be eligible for the PAFR award, a government agency must also submit its annual comprehensive financial report to GFOA’s Certificate of Achievement for Excellence in Financial Reporting and receive the certificate for the current fiscal year.

“We’re very pleased to receive this award for the 2022 PAFR because we know we have engaged residents who 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 like 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.”

Each eligible report is reviewed by judges who evaluate the project based on reader appeal, understandability, distribution methods, creativity, overall impression, and other elements. Reviewers especially noted areas of excellence in all five main categories where Carrollton’s PAFR substantially met or exceeded requirements.

The judges stated Carrollton’s is one of the outstanding PAFR’s in appeal criteria, saying the report was well-designed and easy-to-read, the artwork innovative, and the photographs high quality. The financial data tables provide information that allows readers to compare prior years, and the brief narratives make clear the financial state of the City. Judges said the digital distribution is an excellent option for availability and accessibility.

The goal, Vaughn said, is to provide Carrollton citizens with a synopsis of how the City is meeting established financial standards and ideals. For the community to review a high-level, easy-to-read compilation of the City’s budgetary and financial status is very important to maintaining transparency at the highest levels. Information in this report is guided by best practices established by the GFOA.

The financial data highlighted in Carrollton’s Popular Annual Financial Report is designed to provide a summary view of the City’s financial activities for Fiscal Year 2021-2022 (FY22). Information included in this report can be found in greater detail in the Fiscal Year 2022 Annual Comprehensive Financial Report located at cityofcarrollton.com/accounting or contact the Finance Department by mail at 1945 E. Jackson Road or by phone at 972-466-3110. The financial report was prepared in accordance with Generally Accepted Accounting Principles (GAAP) and was audited by independent public accounting firm FORVIS, L.L.P.