New York City’s PAFR is a user-friendly annual companion to the Comprehensive Annual Financial Report (CAFR). It was created to provide residents, businesses, and community groups with information about the financial activities of the City in a concise, straight-forward, and simplified manner. New York City issued its first Popular Annual Financial Report (PAFR) at the close of Fiscal Year 2015 using financial information drawn from the CAFR.

The PAFR mainly focuses on the “Primary Government,” which includes all operating units that make up the City’s legal entity, such as City agencies. This PAFR also includes legally separate organizations for which the City is financially accountable, known as Component Units.

The CAFR contains more detailed financial information, including the City’s government-wide financial statements, the City’s five pension systems’ financial information, explanatory notes to the financial statements, and supplemental financial and statistical information about the City.

If you have comments or suggestions on how we can improve the PAFR, please contact us by phone at (212) 669-3675 or by email at directives@comptroller.nyc.gov.