The Village of Algonquin, IL

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Algonquin Receives Award for Popular Annual Financial Report

The Village of Algonquin was recognized by the Government Finance Officers Association of the United States and Canada (GFOA) for Outstanding Achievement in Popular Annual Financial Reporting for its Popular Annual Financial Report (PAFR) for Fiscal Year 2017 – 2018.

The PAFR is a summarized report that presents the complex information found within the Village’s Comprehensive Annual Financial Report (CAFR) in an understandable format for readers without background in public finance. Unlike the CAFR, the PAFR is an elective report prepared by the Village; it is not required by state statute.

This is the first year the Village has produced a PAFR and the first year it has received the distinction. In 2017, only 21 municipalities in Illinois received the award.

“This award certainly compliments Algonquin’s notable achievements in financial reporting over the past fifteen years,” said Village President John Schmitt. “It serves as a reminder to our residents that our administrative staff continue to demonstrate their commitment to accurate and transparent financial reporting.”

The Village of Algonquin’s Popular Annual Financial Report for Fiscal Year 2017 - 2018 is available online at www.algonquin.org/transparency


Associated Documents