Every year, the City of Mobile is required to compile and release a comprehensive annual financial report, which as of 2021 is known as the Annual Comprehensive Financial Report (ACFR). This document is publicly audited and submitted to regulatory agencies like the U.S. Securities and Exchange Commission.
The 200-plus page report lays out the City of Mobile’s finances in significant detail from revenues and expenditures to assets and debt liabilities. However, for those without a degree in accounting, the ACFR can be a little overwhelming to read through. That’s why, since 2018, the City has also voluntarily released a Popular Annual Financial Report (PAFR) as well. A scaled-down version of key details from the larger ACFR, the annual PAFR makes information about City finances more accessible to the public.
