HomeMy Public PortalAboutTOL NR 2020-12-21 Popular Annual Financial Report
Town of Leesburg
News Release
For Immediate Release
Monday, December 21, 2020
Media Contact:
Betsy Arnett, Public Information Officer
barnett@leesburgva.gov 703-771-2734
Town of Leesburg Releases Popular Annual Financial Report
for Fiscal Year 2020
New report is a user-friendly supplement to the Comprehensive Annual
Financial Report.
Leesburg, VA (December 21, 2020) – The Town of Leesburg has released its first-ever Popular
Annual Financial Report (PAFR). The new report, which covers Fiscal Year 2020, presents key
information about the Town’s General Fund finances in a concise format in easily
understandable language.
“The Popular Annual Financial Report is part of our continuing efforts to increase transparency
about government operations for our residents and taxpayers,” says Clark Case, Leesburg’s
Director of Finance and Administrative Services. “The Comprehensive Annual Financial Report
(CAFR) is the audited account of the past year’s finances which we are legally required to
produce. However, the CAFR is nearly 200 pages of dense text and financial tables. In contrast,
the PAFR is eight pages of charts and infographics and is written in plain English.”
The new report is available on the Town website at www.leesburgva.gov/pafr.
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