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OV publishes annual reader-friendly financial report for FY 2017-18

February 7, 2019

The Town of Oro Valley is pleased to announce the publication of its Popular Annual Financial Report (PAFR) for fiscal year ending June 30, 2018.

Each year, the Town of Oro Valley produces a Comprehensive Annual Financial Report (CAFR), which outlines the Town’s financial position and operating activities and includes audited financial statements; however, due to its length and scope, the CAFR is not very reader-friendly. In order to make the Town’s financial information more accessible to the public, it began producing the award-winning PAFR in 2012.

“The Town shares information about its financial health through the publication of our Popular Annual Financial Report. This provides a snapshot of highlights from our audited financial statements and adopted budget all summarized in an easy-to-read format,” said Oro Valley Chief Financial Officer Stacey Lemos. “The Town’s website hosts a variety of financial documents, including the approved budget for the current and previous fiscal years, along with a variety of budget reports and presentations.”

The PAFR includes a summary of accomplishments, net assets, activities, revenues, expenditures, debt and financial ratings and a snapshot of historical trends in these areas.

To view the PAFR in a digital reader format, click here or paste the following URL into your browser: 
https://issuu.com/orovalley/docs/2018_pafr_digital?e=7482389/67462130

To download a PDF of the PAFR, click here or paste the following URL into your browser:
https://orovalleyaz.gov/sites/default/files/media/docs/2019/popular-annual-financial-report-fy-06-30-2018.pdf

The Town of Oro Valley’s financial documents are compiled on the Finance Department’s financial documents web page. These documents, located here, include adopted budgets, CAFRs, PAFRs, and other financial reports and presentations from previous fiscal years.