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 comprehensive annual 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.
Submitting an Application
How to Submit an Application
We recognize that COVID-19 is disrupting normal government operations and may affect members’ ability to submit timely applications for GFOA’s award programs. We will approve extensions of the submission deadlines for those that need more time. Please submit the extension request form so we can record your extension in our system.
Request an Extension
Extension Request Form
Eligible reports are reviewed by four judges, who complete an evaluation form specifically designed for this purpose. The judges evaluation form comprises five categories that are given varying weights of importance toward the overall final grade - reader appeal (10%), understandability (25%), distribution methods (7.5%) and other (e.g., creativity, notable achievement) (7.5%). The remaining 50% of the score is based upon overall quality and usefulness of the report, taking into consideration the four previous categories. Judges are never selected from the same state as the PAFR being reviewed or from the same firm that performed the independent audit of the comprehensive annual financial report.
Staff tabulates the results of the reviews of the judges, eliminating the lowest of the four, to arrive at a weighted average score. Any PAFR with a score of 75.00% or higher is granted the award. If the weighted average score falls between 70.00% and 74.99%, the PAFR is subject to an additional review by staff, whose score then replaces that of the lowest of the three used to calculate the original weighted average. If this second weighted average score is 75.00% or higher, the PAFR is granted the award.
Staff compile the comments and suggestions offered by each of the four judges for all items with a rating of (3) or less and provide a list of suggestions for improvement.