CAFR stands for Comprehensive Annual Financial Report. A CAFR is a set of financial statements for a state, municipality or other governmental entity that comply with the accounting requirements established by the Governmental Accounting Standards Board (GASB). Even when they’re available online, deciphering county financial reports can be a challenge. The Texas State Comptroller’s website has developed a Guide to Understanding Comprehensive Annual Financial Reports (CAFRs) and accompanying videos.
PAFR stands for Popular annual Financial Report. A PAFR is intended to convey the financial results of the government’s operations to those stakeholder’s of the government that do not necessarily have a background in public finance.
Mid-Term Financial Reports are periodic, unaudited reports on County revenues and expenditures by fund for the 3 major funds (General Fund, Road & Bridge Fund, and the Debt Service Fund).
Rating Agency Reports are credit reports issued on County Finances. The reports from Fitch Ratings and Standard & Poor’s can be found here.
The Financial Policy is a report of accounting policies approved by the Williamson County Commissioners Court.
The Quality Texas Foundation helps businesses, hospitals, schools, government agencies and non-profits improve performance through use of the Baldrige Criteria for Performance Excellence and other methods that drive efficiency and effectiveness. More information on the organization can be found at www.texas-quality.org.