Presentation and discussion to accept the city’s Popular Annual Financial Report for FY2025

Council accepted the city’s Popular Annual Financial Report presentation 6-0.

Vote Tracker

Accepted 6-0.

Motion by Bryan Washington. Second by Terrance Johnson.

Eugene Escobar Jr.

Mayor

not voting

Terrance Johnson

Place 1

yes

Cristina Todd

Place 2

yes

Bryan Washington

Place 3

yes

Vacant

Place 4

vacant

Steve Deffibaugh

Place 5

yes

Ben Long

Place 6

yes

Carolyn David-Graves

Place 7

yes

Why This Matters

Unlike the technical audit documents, the PAFR is the more public-facing summary version of the city’s financial picture. Accepting it matters because it shapes how the city packages its financial story for residents.

Why we flagged it: The PAFR is meant to present city finances in a more accessible format than the full ACFR.

What approval means

The city can use the FY2025 PAFR as its accepted public-facing financial summary document.

If it had failed

Council would likely have asked for revisions or further presentation before acceptance.

Potential Pros

Makes financial reporting easier for residents to digest.
Creates a more accessible companion to the full ACFR.

Potential Cons

Summaries can smooth over complexities present in the full audit record.
Approval of a presentation does not itself resolve financial concerns.

Tracker Note

This tracker entry is based on the official agenda and the meeting notes currently captured by The Princeton Journal. If official minutes, video, or backup records clarify anything further, the tracker can be updated to match the final record.