Lafayette Reporter

Lafayette Consolidated Government (LCG) has made the 2023 annual audit report, including the Annual Comprehensive Financial Report (ACFR) and Popular Annual Financial Report (PAFR), available for public access online. These reports provide a detailed overview of the financial activities and performance of LCG throughout the fiscal year 2023.

Chief Financial Officer Karen Fontenot emphasized the importance of transparency and accountability in financial management, stating, "We value sharing the 2023 Annual Financial Reports with our community."

The Annual Comprehensive Financial Report offers an in-depth analysis of the government's financial position, including audited financial statements, statistical data, and commentary on financial trends. On the other hand, the Popular Annual Financial Report presents a simplified summary of the government's financial activities, aimed at making complex financial information more accessible to the community.

Key highlights of the 2023 Annual Financial Reports include an overview of governmental activities, analysis of major initiatives and projects undertaken by LCG, evaluation of financial performance metrics, and comparative data from previous fiscal years to monitor progress and identify areas for improvement.

For those interested in accessing the reports, they can be found on the LCG website at the following links:

- Annual Comprehensive Financial Report: [link](https://www.lafayettela.gov/docs/default-source/finance-management-documents/accounting/annual-comprehensive-financial-report-2023.pdf?sfvrsn=12c0aa44_1)

- Popular Annual Financial Report: [link](https://www.lafayettela.gov/docs/default-source/finance-management-documents/2023-popular-annual-financial-report.pdf?sfvrsn=3641220_1)