PAFR Fellows Program

The next program will start in September 2024, with final deliverables due in December 2024.

Governments pay the regular $250 GFOA application fee for the PAFR award program. GFOA will identify PAFR Fellows and provide a stipend to support them in producing the PAFR. At the end of the program, the PAFR is submitted to GFOA for award consideration.

Local governments participating in the program are expected to identify staff to serve as points of contact for the program and as a resource for the PAFR Fellows. The point of contacts should be available to attend GFOA’s kick off meeting and provide periodic feedback on the program and the PAFR in development. Additional opportunities for training and coaching related to best practices in PAFR development are available, but not required throughout the program.

1. Financial Transparency: The primary expectation is to enhance financial transparency. Governments should aim to provide their constituents with a clear and easily understandable overview of the government's financial performance, including revenues, expenditures, debt, and major financial accomplishments.

2. Accessibility: The PAFR should be readily accessible to the public. Governments should ensure that the report is published and made available on their official website and in physical copies if necessary. It should also be distributed widely to key stakeholders and community members.

3. Clarity and Simplicity: Expect the PAFR to present complex financial information in a simple, concise, and visually appealing manner. The document should use plain language, avoid jargon, and employ graphics, charts, and tables to facilitate comprehension.

4. Accuracy and Reliability: Governments should expect the PAFR to accurately represent their financial position. This includes conducting rigorous financial audits and reviews to ensure the data presented in the report is correct and reliable.

5. Alignment with Goals and Priorities: The PAFR should align with the government's strategic goals and priorities. It should highlight key achievements, projects, and initiatives that demonstrate responsible financial management and progress toward meeting community objectives.

6. Public Engagement: Governments should anticipate using the PAFR as a tool for public engagement. They should expect to hold public meetings or forums to present the report, gather feedback, and address questions or concerns from residents. Public input should be considered in future financial planning.

7.  Compliance with Reporting Standards: Governments should adhere to reporting standards and guidelines established by relevant authorities or professional organizations. For example, they may follow the Government Finance Officers Association (GFOA) guidelines for PAFR preparation.

8. Continuous Improvement: Expectations should include a commitment to continuous improvement. Governments should regularly review and update the PAFR to ensure it remains relevant and meets the evolving needs of the community.

9. Cost Considerations: Governments should budget for the creation and dissemination of the PAFR. This may include expenses related to data collection, design, printing, and distribution.

10. Stakeholder Collaboration: Collaboration with various stakeholders, including finance professionals, communication experts, and graduate students (if involved), may be necessary to develop an effective PAFR.

11.  Legal Compliance: Ensure that the PAFR complies with any legal requirements related to financial reporting and transparency.

12.  Communication Plan: Develop a communication plan to inform the public about the availability of the PAFR and the purpose of the report. This may include press releases, social media announcements, and outreach to community organizations.