Comprehensive Annual Financial Report (CAFR)
Comprehensive Annual Financial Reports are produced to provide the Mayor, Town Council, town staff, citizens, bondholders, and the general public with useful information about the town's operations and financial position.
Most Recent Report | View All

Purpose of the Report
The Town prepares financial reports to promote accountability. This annual report provides one way of assessing whether elected and appointed officials in the town are faithfully carrying out their role as good stewards of the town's resources.

Preparation Details
These reports are prepared by the Finance Department in accordance with standards prescribed by the Governmental Accounting Standards Board (GASB), the Government Finance Officer Association of the United States and Canada (GFOA), and other rule-making bodies. The town is responsible for the accuracy, completeness and fairness of the data presented.

Financial Reporting Awards
In 2007, the Town of Westlake began submitting its comprehensive annual financial report to the awards program sponsored by the Government Finance Officers Association (GFOA).

The purpose of this awards program is to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles, to prepare comprehensive annual financial reports which evidence the spirit of transparency and full disclosure, and then to recognize individual governments who succeed in achieving that goal.

The Town of Westlake has received the Certificate of Achievement for Excellence in Financial Reporting each year since 2007.

Contact Us
For additional information, please contact Finance Director Debbie Piper at (817) 490-5712.