Due to prudent financial decisions by the Fuquay-Varina Board of Commissioners and town staff, Fuquay-Varina has achieved a Standard and Poor's AAA credit rating - the best possible rating for a local government. The Town of Fuquay-Varina also has the Aa1 rating from Moody's Investor Services.
The Comprehensive Annual Financial Report (CAFR) is the official statement of the town's financial position on June 30th, the close of the fiscal year.
Achievement for Excellence
For the third year in a row, the Certificate for Achievement for Excellence in Financial Reporting was awarded to the Town of Fuquay-Varina by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR).
Certificate of Achievement
The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial accounting, and its attainment represents a significant accomplishment by a government and its management.
The Town of Fuquay-Varina CAFR has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive "Spirit of full disclosure" to clearly communicated its financial story and motivate potential users and user groups to read the CAFR.