ORO VALLEY, Ariz. (Jan. 27, 2025) – The Town of Oro Valley is pleased to announce that the Popular Annual Financial Report is now available online.
Each year, the Town produces an Annual Comprehensive Financial Report (ACFR), which provides a detailed overview of the Town’s financial position, operations, and audited financial statements. However, due to the ACFR’s length and complexity, it’s not very reader friendly.
To ensure residents have a clear understanding of the Town’s financial health, Oro Valley also publishes the Popular Annual Financial Report (PAFR). This annual report summarizes key financial information from the ACFR in a format that is both easy to read and accessible to the community.
The PAFR highlights key accomplishments, net assets, operational activities, revenues, expenditures, debt and financial ratings, and historical trends, providing residents with a comprehensive snapshot of the Town’s fiscal health and achievements.
To view the 2024 PAFR, click here.
The Town of Oro Valley’s Finance Department continues to set a high standard for financial excellence. For the 12th consecutive year, Oro Valley was named a Triple Crown winner by the Government Finance Officers Association (GFOA). This prestigious recognition is awarded to governments that meet the rigorous standards of all three GFOA award programs in a single fiscal year, including the PAFR. Oro Valley is one of just 356 governments to achieve this designation for fiscal year 2023.
“Our team is honored to receive recognition from the GFOA for our commitment to transparency and excellence in financial reporting,” said Dave Gephart, Chief Financial Officer for the Town of Oro Valley. “I’m proud to lead a team of dedicated professionals who prioritize making key financial information accessible for our community.”
The Government Finance Officers Association (GFOA) advances excellence in government finance by providing best practices, professional development, resources, and practical research for more than 21,000 members and the communities they serve.