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HomeMy WebLinkAboutTown of Knightdale - Public Financial Report Town of Knightdale, NC C I T I Z E N S’ FINANCIALREPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2021 2 2021 CITIZENS’FINANCIALREPORT CONTENTS This report is not an audited document and does not in- clude all details of the audit report; rather, this report is in- tended to increase awareness of the financial operations of Knightdale. For more in-depth financial information, the Annual Comprehensive Financial Report (ACFR) is available online at the Town’s website: www.KnightdaleNC.gov. If you have questions concerning the financial reports or would like additional information, you may call Customer Service at 919.217.2200. 3 4 5 6 7 8 9 10 11 12 13 14 16 17 18 19 Town Council Manager’s Message About Knightdale Growing Economy Economic Summary General Fund Revenues & Expenditures Property Tax Gov-Wide Statements Outstanding Debt General Government Public Safety Development Services Public Works Parks & Recreation Information & Awards 3 TOWNCOUNCIL Councilor Ben McDonald Term 2019-2023 Councilor Randy Young Term 2017-2021 Mayor Jessica Day Term 2020-2021 Councilor Latatious Morris Term 2020-2021 Councilor Stephen Morgan Term 2019-2023 Mayor Pro Tem Mark Swan Term 2017-2021 The Town of Knightdale has a Council- Manager form of government. Under this system the citizens elect a mayor and five council members as the Town’s governing body. The Council then appoints the Town Manager who serves at the discretion of the Council. Council members are elected to four-year terms. The Mayor, as the principal elected official of the town, provides leader- ship to the governing body and the commu- nity, and presides over council meetings. KNIGHTDALENORTHCAROLINA The Town of Knightdale is one of 12 municipalities in Wake County, North Carolina. It is located on the eastern side of the county and shares portions of its western boundary contiguous to the City of Raleigh, the capital and second largest city in North Carolina. Other neighboring municipalities include: Town of Rolesville Town of Wake Forest Town of Wendell Town of Zebulon 4 MANAGER’SMESSAGE Dear Town of Knightdale Residents, One of our most important responsibilities to you, as a taxpayer, is to ensure transpar- ency and accountability in our financial operations. This report, what we call the Citi- zens' Financial Report, is designed to make our financials open and accessible, allowing you to understand how your tax dollars are spent to run Town services and programs. At its core, municipal government is designed to provide the infrastructure for a sound, safe, and thriving community. Our financial stewardship requires us to invest in ways that address both the short-term needs of the community while responsibly investing in our future. We hope to make you an educated partner in our Town’s investments and show the return on those investments to you, our citizens. The information found in this report, financial and otherwise, is derived in large part from the financial statements contained in the Town’s Annual Comprehensive Financial Report (ACFR) which is prepared in accordance with Generally Accepted Accounting Principles (GAAP) and is audited by an independent certified public accounting firm. The ACFR contains more detailed and extensive information, such as the audited financial statements, notes, schedules, and other relevant information. The data reflects the fis- cal year ended June 30, 2021. Thank you for your partnership. We hope this report increases your confidence in the way your Town is operated, and we invite you to continue the conversation with us and welcome your feedback. Sincerely, WILLIAMSUMMERS ICMA-CM S 5 POPULATION 19,435 35.5 MEDIAN AGE HOUSEHOLDS 6,110 $70,363 MEDIAN HOUSEHOLD INCOME $ Incorporated in 1927, the Town of Knightdale is located in Wake County, just seven miles east of Raleigh, the State Capital of North Carolina. It has a corporate limit comprised of 7.44 square miles and an extraterritorial jurisdiction of 17.75 square miles. With a population of only 243 in the 1930 Census, the Town’s major growth started in the 1990s, and today, it is recognized as one of the fastest growing municipalities in Wake County, the State’s second largest county. Knightdale is a dynamic community full of opportunity, welcoming those who want something different. It is a place citizens can call their own, where the culture is decided by the people, and a place that encourages its citizens to make the Town what they want and gives them the freedom to be themselves. The Town’s tag line, “Start Something,” is more than a motto. It is a mindset, not only for citizens, businesses, and community partners, but for the Town itself. A major accomplishment in fiscal year 2021 was the open- ing of the Town’s Wake Stone Athletic Park, whereby teams around the region, State, and further can enjoy the five soccer fields opened for play. Major Town initiatives started in 2021, which will bear fruit for many years, include work on a Comprehensive Transportation Plan and Comprehensive Parks & Recreation Master Plan. Town Council also placed an emphasis on meeting public safety needs by directing staff to pursue two new fire stations and a law enforcement center. The first phase will include breaking ground in 2022 on the fire station on Hodge Road with all three projects being completed by 2024. These are only a few exciting changes started and coming as Knightdale continues as a place to live, work and play. ABOUTKNIGHTDALE UNEMPLOYMENT 4.2% UNEMPLOYMENT 6 GROWINGECONOMY The Town of Knightdale’s diverse economy is supported by businesses of all shapes and sizes from locally -owned shops to nationally recognized corporations. Its economy benefits from the proximity to the City of Raleigh and the Research Triangle Park, which includes Raleigh, Durham, Chapel Hill and surrounding communities. This area is considered one of the best places to live and work in the United States. Like the rest of the nation and world, Knightdale continues to be impacted by COVID-19 pandemic that sur- faced in 2020. However, the community has faced the challenges head on with unemployment decreas- ing to 4.2% compared to 6.6% at the same point last year. As well, the median household income re- mained stable at $70,363 and similar to last year’s amount. Town of Knightdale Provides Transportation Services Through GoRaleigh System Knightdale expanded bus service and access in 2019 with the City of Raleigh GoRaleigh network. A revamped route connects Knightdale to the New Hope Commons Shopping Center that allows for transfer opportunities to multiple routes. For more information on this route and others in the surrounding area visit: www.goraleigh.org Email: goraleigh@raleighnc.gov Phone: 919-485-RIDE 7 Top 10 Employers Wake County Public Schools Wal-Mart Target Wake Stone Eby-Brown Lowe’s Home Improvement Lowe’s Foods Best Buy Town of Knightdale Weathermaster Heating & Air ECONOMICSUMMARY The Town has seen a mixed bag in its economic situation. Knightdale’s economic condition continues to experience disproportional growth. Retail trade, restaurants and accommodations dominate growth, meaning workers earn less than those in the rest of the county and state. However, with focused efforts, the Town expects continued recovery from COVID-related impacts and to experience strong, sustainable growth. Robust housing growth coupled with comparatively lower prices position Knightdale’s housing market as both affordable and attractive. Median home prices comparatively are lower than most com- munities in Wake County. The percentage of households spending more than 30% of income on housing, a measure of affordability, is lower in Knightdale than in the county, state, and nation. TOWNACCOLADES Top 100 Places to Live in America -Money 2017 Safest Cities in North Carolina -Safewise 2017 & 2018 10 Fastest Growing Towns in North Carolina -US Census Bureau Sixth Happiest City in North Carolina -HomeSnacks 2015 EDUCATIONRESOURCES The Town is served by Wake County Public School System (WCPSS), the State’s largest school system and 15th largest in the country. Knightdale is home to six WCPSS schools: four elementary schools and one each middle and high school. Institutions of higher education within 20 miles include: Wake Tech, NC State, Shaw, William Peace, Saint Augustine’s, and Meredith. AVERAGE HOME SALES PRICE $283,000 4.83% 5-YEAR GROWTH RATE 8 GENERALFUND FUND BALANCE QUICK FACTS FOR FY2021 Fund Balance is the difference between assets and liabilities in a governmental fund. Generally Accepted Accounting Principles (GAAP) provide the hierarchy of constraints placed on how fund balance can be spent. Information on fund balance classifications can be found in the notes of the ACFR. • At the end of the fiscal year, unassigned fund balance for the General Fund was $6,059,896. • Town Council policy says the Town should maintain an unas- signed fund balance of 25%—four months of general fund ex- penditures—in cases of unforeseen needs or opportunities in addition to meeting cash flow needs of the Town. The Town has exceeded this with an unassigned fund balance of 32.6%. • Any unassigned fund balance over 40% gets transferred to the Town’s Capital Reserve Fund to offset costs of future capital projects. No funds were moved in FY2021. What kinds of services are accounted for in the General Fund? GENERAL GOVERNMENT • Legislative Body • Administration • Finance • Human Resources • Information Technology PUBLIC SAFETY • Police • Fire TRANSPORTATION • Streets • Public Buildings • Grounds • Public Works ENVIRONMENTAL PROTECTION • Sanitation ECONOMIC & PHYSICAL DEV • Development Services • Code Enforcement CULTURAL & RECREATION • Parks • Recreation • Cultural/Education Events DEBT SERVICE • Principal • Interest The General Fund is the Town’s primary operating fund. It accounts for all financial resources of the general gov- ernment, except for those required to be accounted for in a different fund. These other, smaller funds are used for specific purposes with more Information being found in the Annual Comprehensive Financial Report (ACFR) on the Town’s website. 123 Full-Time Town Employees 9 WHERE DOES THE FUNDING COME FROM? REVENUES $20,950,611 Property taxes are the single largest source of reve- nue for the Town of Knightdale consistent with all other municipalities and counties in North Carolina. The Town also shares in a portion of sales taxes col- lected and remitted to the NC Department of Reve- nue by retailers and others. While the State retains the majority of collected sales taxes, portions are allocated back to local governments according to state statutes. To mitigate the overall impact on citi- zens, where possible the Town charges specific end users for the costs of services. These amounts are reflected in the Sales & Services and Permits & Fees categories. Recreational programming, trash pickup, and building permit fees are examples of these types of revenues. WHERE DOES THE MONEY GO? EXPENDITURES $17,812,349 While expenditures can be broken out by function as seen on the right, amounts can also be viewed by type. Of the total General Fund amount expended in fiscal year 2021, $9,874,723 or 55% of the total was spent on personnel services. This includes salary and benefits for full-time employees and limited service staff. Operating costs totaling $4,873,487 or 27% was the next largest amount. These costs include utilities, fuel, general maintenance, and any other expense necessary for providing routine services to residents. The Town spent $1,336,621 or 8% of total on capital items, which includes vehicles and large equipment. Debt service accounts for 10% or $1,727,518 of the remaining amount. GENERAL FUND REVENUES GENERAL FUND EXPENDITURES Property Taxes $10,244,885 49% Sales Taxes $4,475,665 21% Grants/Aid $3,186,880 15% Other Taxes $1,317,742 6% Sales & Services $1,210,235 6% Permits & Fees $351,581 2% Other $163,623 1% Public Safety $8,018,282 45% General Government $3,112,361 17% Transportation $2,181,537 12% Debt Service $1,727,518 10% Environmental Protection $1,124,831 6% Cultural & Recreation $842,239 5% Econ & Phys Development $805,581 5% 10 Top 10 Taxpayers Knightdale Multifamily Ownership LLC Greystone WW Co LLC East Raleigh Multifamily DST BRC Knightdale LLC Triangle Palisades at Legacy Oaks Cottages at Knightdale Station BBK Midway Plantation LLC Laurens Way Co LP Adventura Place LLC BBK Midtown Commons LLC PROPERTYTAXES For the Town to provide the many types of services for citizens, it needs to generate revenue. The main source of revenue is Ad Valorem (property) tax. Property taxes make up 49% of the General Fund revenues of the Town and are assessed and collected for things such as real estate, business and personal property, and motor vehicles. To equitably tax citizens, the Town relies on the Wake County Tax Department to review ownership and condition of taxable property as of January 1st of each year. A tax rate is set per $100 assessed value. The total assessed value of property for Knight- dale in 2021 was $2,429,097,619. The Town’s property tax collectfon rate was 99.64% for 2021. TAX RATE TOWN COUNTY 2021 0.42 0.6000 2020 0.43 0.7207 2019 0.43 0.6544 2018 0.43 0.6150 2017 0.43 0.6005 2016 0.43 0.6145 2015 0.43 0.5780 2014 0.43 0.5340 2013 0.41 0.5340 2012 0.41 0.5340 11 GOVERNMENT-WIDE STATEMENTS The government-wide financial statements look at the Town of Knightdale as a single, integrated unit and use the full-accrual basis of accounting. These statements are designed to provide readers with a broad overview of the Town's finances in a manner similar to a private sector business (balance sheet and income statement). They pro- vide short and long-term information about the Town’s financial status as a whole and can be found on Exhibits 1 and 2 of the ACFR. Information presented includes only governmental activities. The Town has some business-type activities, but these relate to a water-sewer merger with the City of Raleigh and are fully reimbursable by Raleigh. FY2021 FY2020 DIFFERENCE Total Assets & Deferred Outilows $133,962,029 $119,077,808 $14,884,221 Total Liabilitfes & Deferred Inflows 29,041,933 25,868,606 3,173,327 Total Net Positfon $104,920,096 $93,209,202 11,710,894 STATEMENT OF ACTIVITIES FY2021 FY2020 DIFFERENCE Revenues $32,635,449 $24,054,449 $8,581,000 Expenses 20,924,555 17,457,908 3,466,647 Change in Net Positfon $11,710,894 $6,596,541 $5,114,353 STATEMENT OF NET POSITION This information provides a snapshot of what the Town owns (its assets) and owes (its liabilities). Net Position represents the Town’s investment in the assets it uses in providing services to its citizens. Balance Sheet This report provides a summary of amounts received (revenues) and amounts spent (expenses). The dif- ference between revenues and expenses shows in the Town’s net position. A positive change indicates the Town had enough revenues to cover its obliga- tions and has the ability to save for the future. Income Statement Over time increases and decreas- es in net position may serve as a useful indicator of whether the financial position is improving or weakening. For the fiscal year ended June 30, 2021, the net po- sition increased $11,710,894. Over 97% of the Town’s net posi- tion is capital infrastructure rep- resenting land, streets, buildings, vehicles and other major equip- ment that the Town uses to pro- vide services to its citizen. CAPITAL ASSETS—NET OF DEPRECIATION (in millions) $114.1 Million $24.0 $1.6 $61.5 $23.7 $3.3 Buildings & Improvements Streets & Infrastructure Construction in Progress Land Vehicles & Equipment 12 OUTSTANDINGDEBT CAPITALPLANNING With the tremendous growth the Town and region is experiencing, the strain of building, maintaining and replacing infrastructure and major equipment is challenging. The Town uses a Capital Improve- ment Plan (CIP) to manage capital expenditures to help: • Eliminate hazards and risks to public health and safety • Promote Council’s strategic initiatives • Improve service effectiveness and efficiency • Maintain financial stability The CIP is a dynamic tool that looks at least five years out and is con- tinually evaluated and adjusted according to Town goals and finan- cial considerations. Debt financing is one of several sources used to fund the various capital needs. More information on the Town’s capital planning can be found at www.KnightdaleNC.gov. BREAKDOWNOFDEBT General Obligation Bonds $1,796,000 Installment Purchase Agreements $10,012,429 General Obligation Bonds are backed by the full faith, credit and taxing power of Knightdale. The collateral for installment purchase agreements are the assets pur- chased or constructed. The Town of Knightdale sometimes issues debt to fund its general governmental and business-type capital needs. The total outstanding debt as of June 30, 2021 totals $11,808,429. This is a decrease of $520,440 or 4.4% from the prior year. The Town has a policy which provides guidance and direc- tion when considering the impact of debt and actively monitors and manages its debt capacity and affordability. The Town is operating within the parameters of this policy. The total amount spent— principal and interest—on debt service in FY2021 was $1,727,518. This is an increase of $208,995 or 13.8% from the prior year. 13 General Government is the administrative function of the Town of Knightdale. These departments provide the necessary financial and human capital infrastructure to ensure Town services are car- ried out. Primary is the Administration Department led by the Town Manager, who is responsible for all municipal functions and ensures the Town operates in compliance with federal, state, and local regulations. General Government expenditures represented 17% of the General Fund budget in FY2021 or $3,112,361, of which $1,616,769 was for personnel costs, $424,913 spent on capital, and the balance of $1,070,679 used for operations and maintenance costs. GENERALGOVERNMENT STRATEGICPLANNING Adopted in fiscal year 2020, the Town’s Strategic Plan incorporates robust input from all of its stakeholders and was developed as a pro- active strategy to augment its citizens’ future quality of life. The plan’s purpose is to communicate clearly the message of “who we are and what we want our Town to be in the future.” It is built around five essential priority areas. More information on this and the Annual Implementation Plan and Annual Performance Management Report can be found at www.KnightdaleNC.gov. 14 New Company Added to Meet Expanded Needs The Fire Department is currently evaluating its capital needs to ensure sufficient services to the Town’s growing needs with immediate plans of adding a new station on the Hodge Road corridor and the future reloca- tion of station two from Steeple Square Court to Forestville Road. In an- ticipation of this expansion, the Department added a new company to fully staff a new ladder truck received in 2021. PUBLICSAFETYFIRE QUICKFACTS TOTAL CALLS 3,189 AVERAGE REPSONSE TIME 4 minutes, 49 seconds FIRE LOSS FOR THE YEAR $322,802 VALUE OF PROPERTY SAVED $5,629,123 PERCENTAGE OF PROPERTY LOSS 5.7% TOTAL TRAINING HOURS 12,580 The Knightdale Fire Department is responsible for protecting the lives, property, and the environ- ment of the citizens and visitors to the Town of Knightdale. The department responds to calls of service out of three stations with 44 full-time positions and 33 limited service employees. For the fiscal year 2021, the Fire Department spent $4,078,720 of which $3,428,851 was for personnel services, $71,310 for capital items and $578,559 for operations and maintenance. Fire services extend outside of Town limits; and therefore, the Town participates in the County’s Fire Cost- Share program. In fiscal year 2021, the Town received funding of $2,054,736 from the County. 15 QUICKFACTS AVERAGE REPSONSE TIME 5 minutes, 52 seconds PART 1 CRIMES 413 REPORTS TAKEN 1,261 ARRESTS MADE 593 INVESTIGATION COMPLIANCE 97% INVESTIGATION CLEARANCE RATE 49% KPD Forges Strong Community Partnerships A focus of the Knightdale Police Department is incorporating pro- fessional policing practices and forging strong community part- nerships. In these times, the val- ue of such proves priceless. While KPD works collaboratively with its elected officials and community partners to facilitate productive dia- logue about the nature of community policing, it also goes a step further through a multitude of outreach programs. These include work with the Special Olympics, hosting of camps and citizen police academies, and its annual Christmas Shop with a Cop program. These are only examples, and many of these programs are self-sufficient and supported through generous contributions from the community. PUBLICSAFETYPOLICE The Police Department seeks to serve by ensuring the safety and security of all who live, work and visit the Town of Knightdale. It does this through its professional policing and community partner- ships and an adherence to its Core Values known as PRIDE: Professionalism, Respect, Integrity, Dedication and Ethical Conduct. The KPD is comprised of three separate divisions made up of 40 sworn and non-sworn personnel. In fiscal year 2021, the Town spent $3,939,562 for police ser- vices, of which $3,050,206 was for personnel services, $550,918 was for operations and mainte- nance, and $338,438 was for capital items like vehicles and equipment. 16 Comprehensive Transportation Plan to be Updated The Town kicked off the Comprehensive Transportation Plan (CTP) update in October 2021. The CTP will develop a recommended transportation network that includes roadways, transit, greenways, bicycle facilities and pedestrian facilities. The CTP will also help prior- itize transportation investments for the next 30 years. Updating the CTP will be an opportunity to integrate recently completed regional trans- portation plans into the CTP, as well as an opportunity to take a fresh look at the current transportation plan given the significant population growth in the area. The planning process will include substantial outreach to the public, staff, elected officials and external stakeholders throughout the year long planning process. For more information, please visit www.shiftknightdale.com. QUICKFACTS RESIDENTAL DEVELOPMENT Permits Issued: 106 Value: $19.7 million COMMERCIAL DEVELOPMENT Permits Issued: 81 Value: $17.3 million PERMIT FEE REVENUE $319,545 NUMBER OF BUSINESSES 623 DEVELOPMENTSERVICES The Development Services Department facilitates sustainable growth through regulations that promote a balance of the built and natural environments. It is the central point of contact for the Town for all development-related needs and oversees the entire development process from per- mit application submittals through the issuance of certificates of occupancy (CO). This department ensures that all development activities are conducted in accordance with the Knightdale Unified Development Ordinance (UDO) and North Carolina Building Code. Annual expenditures were $805,581, split $548,467 for personnel, $124,054 for operations, and $133,060 for capital outlay. 17 QUICKFACTS HOUSEHOLDS SERVED 6,036 TOWN STREETS MAINTAINED 61.2 Miles SOLID WASTE MATERIAL COLLECTED 5,399 Tons RECYCLED MATERIAL 1,261 Tons PUBLICWORKS Town Tackles Storm Water Needs To ensure fresh water for the community, the Town of Knightdale is desig- nated as a National Pollutant Discharge Elimination System Phase II Storm Water Community and is regulated by both Federal and State governments. The Town manages operation and capital expenditures in a separate self- sufficient storm water fund mostly supported by a user fee set by Town Council. In fiscal year 2021, the Town had $927,049 in revenue with expend- itures of $1,035,719. Reserves for this fund at yearend were $883,311. The Town is working on a sustainability project whereby storm water needs are being addressed in both the short and long terms. This includes a 10- year capital improvement plan with funding through increased user fees and grant revenues. Current capital improvements are being addressed at Har- per Park and a drainage rehabilitation project on Forest Drive. The Public Works Department maintains existing public infrastructure, plans and constructs capi- tal improvements, and protects public health and safety and natural resources. In fiscal year 2021, it had $2,181,537 in annual operating costs. Of this amount, $915,733 was spent on gen- eral operations, $702,234 was used for the upkeep of grounds and buildings, and $563,570 was spent on streets and sidewalks. Like all NC municipalities, the Town receives funds from the State primarily for street resurfacing, but it can also be used for construction and maintenance of roads, bridges, sidewalks, and greenways. The Town had available $884,998 at FY21 yearend. 18 PARKSRECREATION&CULTURE The mission of the Town’s Parks, Recreation and Cultural Programs Department is to enhance the quality of life for citizens of all ages by providing an experienced staff to plan, implement, and manage a wide variety of passive, active and cultural opportunities. Department expenditures for fiscal year 2021 were $842,239, with $499,926 spent on personnel costs, $296,899 used for oper- ations and $45,414 spent on capital-related items. Programming cost were offset by $139,571 in recreation and service fees. This department was severely impacted by COVID-19 with salary and operating expenditures being nearly 40% less than those before the pandemic in fiscal year 2019. MAJORCAPITALINITIATIVES Wake Stone Athletfc Park—Council-approved project ordinance of $4.5 million for Phase I soccer complex partially funded by $1.0 million Wake County Hospitality Grant. The project, which includes five soccer fields, was completed in the summer of 2021. Harper Park Additfonal Amenitfes—$580 thousand for an inclusive playground and two additional pickleball courts with lighting. These projects are estimated to be complete by the summer of 2022. Mingo Creek Greenway Extension—Council-approved $2.6 million project ordinance with $2.1 million coming from a Capital Area Metropolitan Planning Organization (CAMPO) grant. The project has an estimated completion date of 2023. RECREATIONFACILITIES Parks 6 Total Acreage 241 Playgrounds 3 Ball Diamonds 7 Soccer/Football Fields 9 Community Centers 1 Pool 1 Tennis Courts 4 Pickleball Courts 2 Basketball Courts 2 Greenway Miles 3.3 Splash Pad 1 19 USEFULNUMBERS Animal Control 919-212-7387 Dead Animal Removal (County) 919-733-4768 Dead Animal Removal (Town) 919-217-2212 City of Raleigh 919-996-3245 raleighnc.gov GORaleigh Bus Service 919-485-RIDE goraleigh.org East Wake Television Studio 919-868-5598 East Wake Regional Library 919-217-5300 NC Dept of Transportation 877-368-4968 ncdot.gov Wake County Government wakegov.com Board of Elections 919-856-6240 Clerk of Court 919-792-4000 Environmental Controls 919-856-7400 Register of Deeds 919-856-5460 Sheriff’s Office 919-856-6900 Tax Administration 919-856-5400 taxhelp@wakegov.com Wake County Public Schools 919-431-7400 wcpss.net TOWNOFKNIGHTDALE SERVICE DIRECTORY Customer Service 919-217-2200 Trash/Recycling 919-217-2250 Development Services 919-217-2244 Building Permits Code Enforcement Finance 919-217-2212 Fire (Non-Emergency) 919-217-2270 Human Resources 919-217-2221 Parks, Recreation & Cultural Programs 919-217-2232 Police (Non-Emergency) 919-217-2261 Public Information Officer 919-217-2205 Public Works 919-217-2250 Town Clerk 919-217-2225 Town Manager 919-217-2200 Solid Waste - GFL (Also known as Waste Industries) Town Residents 919-217-2250 Non residents should call GFL direct 919-662-7100 AWARD GOVERNMENT FINANCE OFFICERS ASSOCIATION The Government Finance Officers Association (GFOA) has given an Award for Outstanding Achievement in Popular Annual Financial Re- porting (PAFR) to Knightdale for its Citizens’ Report for the fiscal year ended June 30, 2020. This award is a prestigious national award recognizing con- formance with the highest standards for prepara- tion of state and local government popular re- ports. The award is given to those organizations whose content conforms to program standards for creativity, presentation, understandability, and reader appeal. It is only valid for one year. We believe this year’s report continues to conform to the PAFR standards. INFORMATION&AWARDS 20 TOWNOFKNIGHTDALE FINANCE DEPARTMENT www.knightdalenc.gov 919.217.2200 Officer Ryan Hayworth Badge 1355 EOW - 10/17/2021 Knightdale Police 1350 Patrol Squad I n M e m o r i a m