Comprehensive Annual Financial Report (CAFR)

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Significance of the CAFR

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The City of Creedmoor operates on a fiscal year that begins July 1st and ends June 30th.  The financial records are audited as soon as practical following the end of each fiscal year.

Beginning with the fiscal year ending June 30, 2009, the City has gone beyond submitting the minimum financial statements required in the State to produce a Comprehensive Annual Financial Report (CAFR).   A CAFR includes all the information required by generally accepted accounting standards and an additional statistical section giving citizens and interested parties information about Creedmoor’s tax base, debt capacity, demographic information, and performance of essential city services.

Other sections of Creedmoor’s CAFR identify in plain language the City’s accomplishments and future plans.

   
 

Certificate of Achievement for Excellence in Financial

GFOA Certificate of Achievement

The national Government Finance Officers Association (GFOA) administers the Certificate of Achievement Program as an effort to promote high quality financial reporting that provides financial professionals with required information for investing decisions and provides citizens with operation and performance information to determine how well the city is meeting its responsibilities.

The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.  Creedmoor’s CAFRs are reviewed by three GFOA volunteers, none of whom may be from North Carolina.

The City has received eight (8) such Certificates of Achievement since 2009.  
     
   
     
     
     
    Contact 
Finance Director
(919) 764-1011
   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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