Popular Annual Financial Reports (PAFR)
The Popular Annual Financial Report includes condensed and simplified information from DERP’s Comprehensive Annual Financial Report. The report is designed to keep members informed with DERP’s actions and accomplishments.
Although the PAFR is not a required document, it is considered best practice, and plays an important role in making information accessible. The data in this report does not provide all of the necessary financial statement and note disclosures required by GAAP.
GFOA has presented DERP the Award for Outstanding Achievement in Popular Annual Financial Reporting for our report for the year ended December 31, 2021. We have received this award for the past three years.