Popular Annual Financial Report


About the PAFR

The Popular Annual Financial Report (PAFR) is designed to provide a fundamental understanding of our city government, local economic conditions, and where our financial position stands.

This report is presented in accordance with guidelines from the Government Finance Officers Association (GFOA). According to the GFOA: “The GFOA established the Popular Annual Financial Reporting Awards Program (PAFR Program) in 1991 to encourage and assist state and local governments to extract information from their annual comprehensive financial report to produce high quality popular annual financial reports specifically designed to be readily accessible and easily understandable to the general public and other interested parties without a background in public finance and then to recognize individual governments that are successful in achieving that goal.”

The PAFR contains highlights from the City’s Annual Comprehensive Financial Report (ACFR), which is a more detailed audited document. The PAFR and ACFR are prepared in accordance with Generally Accepted Accounting Principles (GAAP).

In July 2024, the Government Finance Officers Association (GFOA) awarded the Outstanding Achievement in Popular Annual Reporting Award for Paducah's inaugural PAFR. This is the first year for Paducah to create the PAFR and achieve the prestigious award. Stop by Paducah City Hall at 300 South 5th Street to pick up a copy of the PAFR, or read the document below.

PAFR - Year Ending June 30, 2023

Read the News Release Announcing First PAFR

Read the News Release Announcing Outstanding Achievement Award

FY2023 Cover of PAFR