Draper City prepares a Comprehensive Annual Financial Report (CAFR) each year. The CAFR report is defined as a Financial report that contains, at a minimum, three sections: 1) introductory, 2) financial, and 3) statistical, and whose financial section provides information on each individual fund and component unit.
(Source: Gauthier, S. J. (2012). Governmental Accounting, Auditing and Financial Reporting. Chicago, IL: GFOA)
The Popular Annual Financial Report (PAFR) displays information from the CAFR in a way that is more accessible and easier to understand. It is geared towards the general public and other interested parties without a background in public finance.