Citizens Financial Report FISCAL YEAR ENDED
JUNE 30, 2025
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Providing transparency about the Town’s financial operations The 2025 Citizens Financial Report provides citizens and other interested parties with an overview of the Town of Wake Forest’s financial results. This report is prepared to increase awareness and provide transparency about the Town’s financial operations. The financial information provided here is obtained from the audited financial statements in the Town’s 2025 Annual Comprehensive Financial Report (ACFR) which is audited by Cherry Bekaert LLP and has received an unmodified or “clean” opinion. The Citizens Financial Report is not required to present the same level of detail as the ACFR and, therefore, may not fully conform to generally accepted accounting principles (GAAP). This report is designed to provide a summary of the Town’s overall financial condition in a user-friendly format as well as serve as a supplement to the ACFR, not a replacement. To see the report, visit the Town’s website at wakeforestnc.gov and search “annual comprehensive financial report.”
CONTENTS Town Leaders....................................................... 3 Strategic Plan........................................................ 4 Financial Results................................................... 5 Major Initiatives..................................................... 8 Debt Management............................................... 11 Budget................................................................ 13 Wake Forest by the Numbers.............................. 14
Finance & Budget Awards The Town of Wake Forest’s Annual Comprehensive Financial Report (ACFR) has won the Government Finance Officers Association of the United States and Canada (GFOA) award for 35 consecutive years. For the last 12 consecutive years, the Town has received the GFOA award for the Distinguished Budget Presentation. To earn these awards, the Town must produce easily readable and efficiently organized budget and financial reports, whose contents conform to program standards. Such reports must satisfy both generally accepted accounting principles and accepted legal requirements. In addition, the Town’s Citizens Financial Report has received the award for Outstanding Achievement in Popular Annual Financial Reporting for the last eight years. The award is valid for a period of one year. To view all Town of Wake Forest financial reports, including the budget, visit the Town’s website at wakeforestnc.gov and search “finance.”
Government Finance Officers Association
Award for Outstanding Achievement in Popular Annual Financial Reporting Presented to
Town of Wake Forest North Carolina For its Annual Financial Report For the Fiscal Year Ended June 30, 2024
Executive Director/CEO
Town Leaders A Message from the Town Manager We strive to make sure we retain that sense of character that continues to make Wake Forest a great community.
The Town of Wake Forest is proud to present its Popular Annual Financial Report (PAFR). Construction continues throughout town on several projects. Dunn Creek Greenway Phases 3 and 4 started this month and are expected to be complete by early 2026. Phases 1 and 2 of our street resurfacing program are complete and we will start on Phase 3 in early 2026. With the passage of the stormwater utility fee, several projects are underway including: Juniper Avenue Culvert Replacement, Miller Park Stream Restoration, Flaherty Park Dam construction, and Bowling Green detention basin repair. Over this past year, we have been working with our architect and engineers on the design of Fire Station 6. Construction is expected to start in March 2026. The site will also include a training center for our firefighters to train in fire suppression and life-saving activities. These training activities are critical to protecting our residents and ensuring the safety of the firefighters. Our Fire Department’s Swiftwater Rescue Team recently achieved Type 1 for the State of North Carolina, which is the highest qualification level. The Police Department was re-accredited by the Commission on Accreditation for Law Enforcement Agencies, Inc. (CALEA) which
assures we are committed to excellent professional standards. Development remains strong and we are still seeing strong growth in the commercial areas within the Grove 98 Development along Calvin Jones Highway and other areas throughout town. Our financial position continues to remain strong. We are AAA status as acknowledged by three credit rating agencies. This signifies the continued strong financial position of the Town. It also results in lower borrowing costs, including lower interest rates. The Town continues to participate in cooperative purchasing arrangements, public-private partnerships, and other cost-saving initiatives to ensure the best return on taxpayer investments. On behalf of our elected officials and staff, I want to thank you for your support of our continued efforts in Wake Forest. We strive to make sure we retain that sense of character that continues to make Wake Forest a great community. — Kip Padgett, Town Manager
2025 Wake Forest Mayor & Board of Commissioners
Mayor Vivian Jones
Commissioner Ben Clapsaddle
Commissioner Faith Cross
Commissioner R. Keith Shackleford
Commissioner Nick Sliwinski
Commissioner Adam Wright
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Strategic Plan
Charting Our Course for the Future As Wake Forest looks to the future, the Town must plan for how it will continue providing services in a manner that efficiently meets the needs of our growing and ever-changing community. The strategic plan charts our course for a five-year period, guiding efforts to deliver an excellent and sustainable quality of life for our citizens. The current Strategic Plan, covering fiscal years 2022–2027, is built around the following five goals: Goal 1
Sustaining Excellent Town Services Goal 2
Creating Accessible Housing Opportunities Goal 3
Fostering a Safe, Diverse, and Welcoming Community Goal 4
Investing in Transportation and Infrastructure Goal 5
Advancing Community and Economic Prosperity
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Our VISION Wake Forest’s vibrant, diverse, and welcoming community fosters its distinct character, thriving economy, and high quality of life.
Our MISSION The Town of Wake Forest is committed to delivering superior services and celebrating the diversity of our organization.
Our VALUES Caring: Demonstrating respect, honesty, understanding, helpfulness, and positivity Commitment: Displaying a strong sense of dedication to the organization and your fellow employees Character: Demonstrating integrity, perseverance, and ethical behavior Collaboration: Embracing the value of teamwork and interdepartmental cooperation to achieve common goals
FISCAL YEAR 2024–25
Financial Results
Governmental Results The Governmental activities section in the Town’s financial statements includes programs generally supported by taxes, capital contributions and grants from federal/state governments. Governmental revenue sources cover various services including public safety, public infrastructure, general government administration, and parks, recreation and cultural resources. Governmental activities also include special revenue activities, such as grants, and capital project activities, such as greenway and transportation projects funded by bond proceeds.
2025
2024
Change
Total Assets & Deferred Outflows
$550,451,006
$497,668,123
$52,728,883
Total Liabilities & Deferred Inflows
124,350,620
102,595,994
(21,754,626)
Total Net Position
$426,100,386
$395,072,129
$31,028,257
The Town’s strong fiscal management remains its hallmark. Management acknowledges that 2025 was another successful year with fund balance increasing for the fifth consecutive year.
Balance Sheet A balance sheet provides a snapshot of what the Town owns (assets) and owes (liabilities). Net position represents the Town’s investment in the assets it uses in providing services to its citizens.
Over time, increases or decreases in net position may serve as a useful indicator of whether the Town’s financial position is improving or weakening. During FY 2024-2025, the Town’s net position increased $32,650,405.
2025
2024
Change
Revenues
$125,452,370
$94,923,793
$30,528,577
(Expenditures)
(92,801,965)
(82,271,457)
(10,530,508)
Change in Net Position
$32,650,405
$12,652,336
$19,998,069
Total governmental activity revenue increased 32.16% from prior year while expenses increased 12.80%. Increases from previous fiscal year were recognized as follows: n
n
Income Statement An income statement provides a summary of amounts received (revenues) and amounts spent (expenditures). The difference between revenue and expenditures shows the Town’s change in net position. A positive change indicates the Town had enough revenues to cover its obligations and has the ability to save for the future.
Ad valorem taxes – 24.61% over previous year due to revaluation of property values Local option sales tax – 9.03% increase over prior year
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General Fund Revenues* Year Ended June 30, 2025 $85,550,701
General Fund Results
Property Taxes
$49,886,477
58.3%
Sales Taxes
17,469,935
20.4%
Grants & Other Taxes
8,827,403
10.3%
Sales & Services
5,446,549
6.4%
Permits & Fees
3,161,251
3.7%
Other Sources
759,086
0.9%
*Includes General Fund and Debt Service Fund revenues. Does not include revenues from Wake Forest Business & Industry Partnership, Downtown District Special Tax Fund, Police Department Special Fund, Wake Forest Renaissance Centre Fund, or Public Arts Fund, which are included in the FY 2025 Annual Comprehensive Financial Report.
General Fund Expenditures Year Ended June 30, 2025 $79,486,551
The General Fund is the Town’s primary operating fund. Property taxes and sales taxes are the two largest sources of revenue making up over 78% ($67,356,412) of the total received for the fiscal year. These revenues provide services to citizens and businesses within Town limits. Public safety, which includes police and fire protection, accounts for 41% ($32,815,368) of the total expended. This is followed by general government at 28% ($22,406,078) which includes the governing body, legal services, administration, town manager’s office, communications, human resources, finance, downtown development, information technology, planning, inspections, engineering, public works administration, urban forestry and fleet maintenance. The charts on this page show the breakdown by percentage of General Fund revenues and expenditures.
Three Year Trends General Fund Revenues 2025 Actual
2024 Actual
2023 Actual
Property Taxes
$49,886,477
$40,037,372
$36,894,134
Sales Taxes
17,469,935
16,022,437
15,261,608
Grants & Other Taxes
8,827,403
8,108,154
6,847,003
Permits & Fees
3,161,251
3,948,944
3,809,719
Sales & Services
5,446,549
5,071,144
4,481,901
Other Sources
759,086
11,708,585
3,171,1987
$85,550,701
$84,896,636
$70,465,593
2025 Actual
2024 Actual
2023 Actual
General Government
$22,406,078
$25,579,153
$18,913,053
Public Safety
32,815,368
29,031,493
25,891,111
Transportation
3,693,306
3,848,528
3,046,927
Total GF Revenues
General Fund Expenditures
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Public Safety
$32,815,368
41.3%
General Government
22,406,078
28.2%
Cultural & Recreational
5,338,759
6.7%
Environmental Protection
6,722,166
6,766,375
5,367,974
Debt Service
8,510,874
10.7%
Cultural & Recreational
5,338,759
9,355,806
4,372,235
Environmental Protection
Debt Service
8,510,874
7,741,291
7,335,215
6,722,166
8.5%
$79,486,551
$82,322,646
$64,926,515
Transportation
3,693,306
4.7%
Total GF Expenditures
FISCAL YEAR 2024–25
Financial Results
Proprietary Results Proprietary or business type activities rely on fees charged to customers for services rendered. The Town operates Wake Forest Power and reports it as the Electric Fund. The Stormwater Utility Fund was added effective July 1, 2024, and the
2025
2024
Change
Total Assets & Deferred Outflows
$38,745,418
$33,116,499
$5,628,919
Total Liabilities & Deferred Inflows
8,603,638
8,776,237
172,599
Total Net Position
$30,141,780
$24,340,262
$5,801,518
results are reflective of this new initiative. These funds are operated in a manner similar to a private business where the costs of providing the service are financed or recovered through user charges.
Balance Sheet A balance sheet provides a snapshot of what the Town owns (assets) and owes (liabilities). Net position represents the Town’s investment in the assets it uses in providing services to its citizens.
Change in net position for business-type activities increased $5,801,518 for the fiscal year. Over $3.3 million of this is attributed to the Stormwater Utility Fund
2025
2024
Change
Income Statement An income statement provides
Revenues
$32,181,816
$26,677,492
$5,504,324
(Expenses)
(26,351,505)
(22,990,665)
(2,360,840)
Change in Net Position
$5,830,311
$2,686,827
$3,143,484
a summary of amounts received (revenues) and amounts spent (expenses). The difference between revenue and expenses shows the Town’s change in net position. A positive change indicates the Town had enough revenues to cover its obligations and has the ability to save for the future.
M
E W AT R U T IL I
TY
STOR
Charges for services from the sale of power increased 5% from the previous year. The inception of the Stormwater Utility Fund accounts for 3.9 million in increased service charges.
WA K E FORES T
Stormwater Utility provides a stormwater management system to improve the efficiency of our drainage system. Wake Forest Power serves 9,100 customers.
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Major Initiatives
Community Planning
South Franklin Street Conceptual Drawing
South Franklin Street Widening Project South Franklin Street widening from Rogers Road to Artisan Park Drive is a joint development agreement that includes expanding the existing two lanes to a four-lane median roadway with left-turn lanes. Sidewalks, multi-use paths, enhanced planted medians, and street trees are included in the design. A portion of the tax rate allocated for transportation initiatives is being used to fund this $3.5 million project. Construction is underway with expected completion by spring 2026.
Downtown Plan The Downtown Plan was updated and adopted in November 2024. The plan sets a new vision and policy framework for Downtown in order to fully meet the issues and opportunities Wake Forest faces today.
Adopted – November 19, 2024
PRCR Comprehensive Master Plan The Parks, Recreation & Cultural Resources Master Plan was adopted in September 2024. This plan will guide the growth and operations of the Wake Forest Parks, Recreation & Cultural Resources Department (PRCR Department) over the course of the next five years. UDO & MSSD Rewrite The Unified Development Ordinance (UDO) and Manual of Specifications, Standards and Design (MSSD) are being rewritten
Drawing on best practices in zoning and land use regulations, the rewrite addresses the current conditions in Wake Forest, which are very different from what they were in 2013. Another objective of the rewrite is to ensure the UDO and MSSD comply with current state and federal law. The zoning map, which is a legal document that illustrates the zoning districts where different development rules apply, will also be repealed and replaced as part of this project.
Stormwater Utility Fund To meet the funding needs for a new Stormwater Management Program, the Town of Wake Forest established the Stormwater Utility Fund with a fee structure effective July 1, 2024. The Town of Wake Forest is pursuing a more proactive approach to stormwater management due to increasingly stringent unfunded stormwater regulations under the MS4 (Municipal Separate Storm Sewer System) Permit and NPDES regulations created by the federal
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to implement the policies and recommendations of the Comprehensive Plan, which includes, among other adopted plans, the 2021 Northeast Community Plan, the 2022 Wake Forest Community Plan, and the 2024 Wake Forest Downtown Plan.
Environmental Protection Agency and subsequently adopted by the NC Department of Environmental Quality (NCDEQ). It is the Town’s goal to not only meet these new permitting requirements, but to also provide current and future residents with a stormwater management program that will protect our drainage infrastructure, improve the efficiency of the overall drainage system, and ultimately enhance the local environment.
Major Initiatives
Upgrades to Town Parks and Greenways H.L. Miller Park Upgrades & Stream Restoration H.L. Miller Park, a 2-acre wooded park located in the heart of downtown Wake Forest, is undergoing an upgrade. Funded by the American Rescue Plan Act (ARPA), the Phase
1 improvements are designed to restore an unstable stream that flows through the park and renovate the park’s amenities and greenway system to enhance connectivity. Phase 1 improvements are expected to be completed in late 2026.
AMENITIES LEGEND A
Pollinator Garden
B
Lawn + Porch Swings, Hammocks
C
Shelter + Restroom
D
Nature Play
E
Outdoor Classroom
F
Open Play Lawn
G
Entry Plaza
H
Gateway Entrance + Overlook
I
Overlook
J
Stream Interaction Area
K
Stream Restoration Area
L
Regenerative Stormwater Conveyance
M
Boulder Rock Steps for Stream Viewing
N
Potential Stormwater Wetland
TO D
OW N
H.L. Miller Park
1
TOW N
Conceptual Drawing
Public Art
Dunn Creek Greenway Phases 3 & 4 Construction started on Phases 3 and 4 of Dunn Creek Greenway which will add over two miles to the Town’s network of trails. The project is funded by $5.6 million in bond proceeds received in October 2024 along with recreation impact fees.
2 WA K ERS E ELE CT HIP COR RIC POR ATIO
N
PATH LEGEND 1 Paved Greenway 2 Boardwalk 3 Greenway Bridge
6 Treetop Trail Bridge over Greenway
ME
5 Treetop Trail
MB
W POL AKE FO R ICE DEP EST ART MEN
T
4 Natural Surface Trail
K 3
Starting at the current end of the Dunn Creek Greenway north of Dr. Calvin Jones Highway/NC 98 Bypass, Phase 3 will connect with the existing greenway alignment to Ailey Young Park and the existing greenway network constructed in the Traditions neighborhood. Phase 4 will connect Flaherty Park, Orchards at Traditions, Flaherty Farms, and the Del Webb community.
STREAM BUFFER
2
A
B
TO TO WN HA
4
C
LL
D F
M
E
G
6
5
K
ET
STREE T
L
EXIS T PAR ING KING
LOR STR E S. TA Y
K
J
I
S. FRA
NKLIN
1
N 5
4 UTILITY EASEMENT
MAINTENANCE ACCESS FOR SCM
L H I
ELM AVENUE
PREPARED FOR: TOWN OF WAKE FOREST WKF22002
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H. L. MILLER PARK MASTER PLAN WAKE FOREST, NORTH CAROLINA
0’
10. 31. 2023
30’
SCALE: 1” = 30’
Fiscal Year Highlights
Thirteen additional positions were added to meet the demands of our growing community.
Street resurfacing project with approximately 24 miles of aging streets completed with $5.5 million funding from an eight-year installment purchase agreement and $8 million from bond proceeds received in October 2024.
South Main Street Corridor Study completed in July 2024 – offers conceptual design and framework and future of this vital roadway – study focused on segment stretching from US 1-Capital Blvd to NC-98.
Retained consultant/architect to begin design build process of Fire Station 6 in August 2024. Design, planning and engineering are ongoing with bids and construction to commence by March 2026.
New Athletic Fields Lighting systems have been completely installed at our facilities this past year. Project costs totaled $2.2 million using proceeds from October 2024 bond sale.
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Debt Management
The Town issues debt to fund General Governmental and business-type capital needs. Total outstanding debt as of June 30, 2025 totals $63,492,226. This includes general obligation bonds (voter approved debt), leases, subscription-based technology agreements, and installment purchase agreements. The chart below provides the breakdown of debt type at the end of the fiscal year.
Town’s Credit Ratings The Town benefits from its outstanding credit ratings. A priority of the Town is to maintain public trust in the sustainability of the Town’s financial system. In September, the following ratings were reaffirmed: n n n
Standard & Poor’s AAA Fitch Ratings AAA Moody’s Aaa
Another priority of the Town is to maximize return on Town funds. Maintaining or improving bond ratings results in lower interest rates on debt.
Debt Issuance The Town’s total debt increased by $20,024,056 (46.07%) during the fiscal year. Along with retiring debt during the year, the Town issued the following debt: Installment Purchase Agreements: n
$1,405,950 – Vehicles and equipment, February 2025, 4-year term, 3.39%
General Obligation Bonds: n
n
$22,050,000 – Public Improvements (Parks and Recreation/Roadway and Transportation/Greenways) October 2024, 20-year term, 3.19% $1,460,000 – Parks and Recreation October 2024, 2-year term, 2.53%
Breakdown of Debt
During 2024–2025, the Town issued debt to purchase vehicles and equipment.
Year Ended June 30, 2025
$63,492,226
The Town also issued debt for public improvements (Parks and Recreation/Roadway and Transportation/Greenways.
General Obligation Bonds
$47,520,920
74.8%
Installment Purchase Agreements
$11,651,246
18.4%
Leases
$4,320,060
6.8%
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Debt Management Debt Policy Compliance
Future Debt Issuance
The Town actively monitors and manages its debt capacity and affordability. In keeping with the goal of enhancing fiscal strength identified in the strategic plan the Town has a formal policy which provides guidance and direction when considering the impact of future debt.
The Town utilizes a debt model to plan the issuance of future debt. The Town updated its debt model in May of 2022 in conjunction with the November 2022 bond referendum with projects totaling $75 million. A debt service fund with specific revenues including a portion of the tax rate, vehicle fees and downtown municipal service district tax funds is earmarked to repay general fund debt.
How the Town’s Debt Compares to Policy
In November 2022, voters approved issuing $75,000,000 in general obligation bonds for roadway and transportation, parks and recreation facilities, greenway improvements and parking facilities. As of June 30, 2025, $52,950,00 remains authorized but unissued. The next planned issuance is tentatively scheduled for Fall 2026 in the amount of $23.4 million.
Town’s Current Debt*
.9684%**
Town’s Policy for Debt
2%**
North Carolina State Statute
8%** * includes authorized and unissued general obligation bonds in the amount of $52.9 million ** of assessed valuation
Debt Issuances Planned for Fiscal Year 2025–2026: n
n
$18 million in installment purchase agreement for the construction of Fire Station 6. Installment agreement for vehicle rolling stock.
During 2025–2026, the Town plans to issue installment dept for construction of Fire Station 6 as well as roadway and transportation, parks and recreation facilities, greenway improvements, and parking facilities.
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Budget & Planning Fiscal Year 2025–2026 Budget Highlights The budget represents the fundamental philosophy of being conservative with revenue projections and maintaining fiscal constraint on the expenditure side.
Much like an average household, the Town uses a balanced budget to ensure that it maintains a healthy financial position. North Carolina law requires local governments to approve a balanced budget each year. The Town plans for its financial needs of the future by utilizing a five-year capital improvements plan that is updated annually, financial forecasting, debt models, and various other studies and plans.
of 7.3% over the fiscal year 2024-2025 adopted Electric Fund budget and 7.9% less than the fiscal year 2024-2025 amended budget. The total budget for the Stormwater utility Fund for fiscal year 2025-2026 is $3.64 million, and the fees will be billed annually in conjunction with the property tax bill. The stormwater utility fee is based on square footage of impervious surface on a property.
Governmental Activities: The Town’s tax rate
Property Tax Rate The Town’s tax rate remained at $0.42 for the coming fiscal year.
Decision making will still require much care and prudence as we continue to focus on providing core services our citizens expect. Prioritizing how our resources are utilized is critical as we make long-term plans for capital investments, as well as addressing future debt service and potential legislative mandates.
remained at $0.42 for the coming fiscal year. There is a projected increase of over $1.1 million to fund new positions and $7.9 million is included for capital expenditures. The final budget for the General Fund totaled $93.98 million. Effective July 1, 2025, the Town assumed operations and programming of the Wake Forest Center for Active Aging (formerly known as Northern Wake Senior Center), with budgeted expenditures of over $650,000. The Downtown Municipal Service District tax rate remains unchanged at $.14; the vehicle fee remains unchanged at $30, and the solid waste fee increased one dollar to $24.
The Town continues to focus on financial sustainability. The budget represents the fundamental philosophy of being conservative with revenue projections and maintaining fiscal constraint on the expenditure side.
Business–type Activities: An increase of 3% in
residential utility rates was included in the Electric Fund for the upcoming fiscal year. The total Electric Fund budget for the fiscal year ending July 30, 2026, is $28.0 million, which is an increase
How Your Town Property Tax Dollars Are Spent
Total Budget FY 2025–2026 $139,299,630
General Government Housing Initiatives Fund
31.0%
Public Safety Transportation Solid Waste Cultural & Recreation Debt Service
Personnel Costs
$56,745,275
40.7%
Operating Costs
45,753,600
32.8%
Purchase for Power
14,714,835
10.6%
Debt Service
12,327,305
8.8%
Capital Outlay
9,758,615
7.0%
1.7% 36.6% 6.7% 2.3% 9.7% 12.0%
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Wake Forest by the Numbers
61,987
$49,948
4 th largest municipality
$120,777
per capita personal income
town population
in wake county
37.7 yrs
median household income
median age
175.93 20.57 miles of town - owned streets
604
land area in square miles
building permits issued during fiscal year
13,165 acres within town limits
3.3%
124
full-time and part-time firefighters
wake forest unemployment rate
35
fire department volunteers
5
fire stations
92
full-time sworn police officers
5
police stations
14
453
town employees
9,100
number of wake forest power customers
MAJOR TAXPAYERS
Rank Taxpayer
MAJOR EMPLOYERS
Taxable Assessed Valuation
Rank
Principal Employers
Approximate # of Employees
1
Wake County Public School System
1,334
2
Southeastern Baptist Theological Seminary
475
3
Town of Wake Forest
453
1
WF-GCA Holding Village LLC
$86,095,099
2
Meridian at Rogers Branch LLC
79,332,270
3
Legacy Heritage Lake Road LLC
79,055,421
4
Legacy Wake Forest LLC
72,812,300
4
Wegman’s
450
Wal-Mart
395
5
G98 MF LLC
68,991,651
5
6
Hawthorne at Traditions Apartments
64,839,869
6
Harris Teeter (Heritage Lake & Capital Blvd)
325
7
Wake Forest Apartments
57,945,087
7
Chick Fil A
315
8
Merritt-WF
51,125,886
8
Lowes Foods
235
9
KE Capital Owner TIC LLC
48,390,362
9
Target Corporation
230
10
WMCI Raleigh IV LLC
47,192,477
10
Lowe’s Home Improvement
188
$655,780,422
11
Rex Healthcare (Wake Forest & Wakefield)
180
12
Home Depot
170
13
Franklin Academy
166
14
Sam’s Club
160
15
Hillside Nursing Center of Wake Forest, Inc.
150
16
Publix
130
17
Texas Roadhouse
120
18
Kohl’s
104
19
Wake Preparatory Academy
100
20
Food Lion
85
Total Total Assessed Valuation Source: Wake County Revenue Department
$11,876,761,519
Source: Wake Forest Economic Development projected employment estimates
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The 2025 Citizens Financial Report is a publication of: Town of Wake Forest FINANCE DEPARTMENT 301 S. Brooks St. Wake Forest, NC 27587 For more information about the Town of Wake Forest visit wakeforestnc.gov
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