Financial Reports

Annual Comprehensive Financial Report

The Annual Comprehensive Financial Report (ACFR) is a thorough and detailed presentation of the FCPS’ financial condition. It reports on FCPS’ activities and balances for each fiscal year.  

What's in this Annual Report?

This report is presented in three sections:

Introductory section - includes transmittal letter.

Financial section - includes the independent auditor's report and contains management's discussion and analysis, government-wide financial statements, fund financial statements, notes to the financial statements, required supplementary information, combining financial statements, and schedules.

Statistical section - includes additional financial, economic, and demographic information.

Certificate of Achievement for Excellence in Financial Reporting
FCPS has received the Government Financial Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting for twenty-six consecutive years.

Single Audit Report (SAR)

Entities that receive federal funds including states, local governments, and not-for-profit organizations (NPOs), are subject to audit requirements commonly referred to as “single audits” under the Single Audit Act of 1984, as amended in 1996.  The Single Audit Act was enacted to standardize the requirements for auditing federal programs.  The Act provides that grantees are subject to one audit of all of their federal programs versus separate audits of each federal program. The reports below provide results of the single audit of federal funds received by FCPS and Fairfax Government.

• 2023 SAR
  (1.04 MB)
• 2022 SAR
  (1.36 MB)
• 2021 SAR
  (1.87 MB)
• 2020 SAR
  (1.41 MB)
• 2019 SAR
  (1.45 MB)
• 2018 SAR
  (1.15 MB)
• 2017 SAR
  (0.78 MB)
• 2016 SAR
  (0.33 MB)
• 2015 SAR
  (0.97 MB)
• 2014 SAR
  (0.30 MB)
• 2013 SAR
  (0.15 MB)

Popular Annual Financial Report

The Popular Annual Financial Report (PAFR) is designed to offer those with a general interest in FCPS’ financial activities a less detailed glimpse at selected data from the Comprehensive Annual Financial Report presented in a highly readable format.

Annual Report of Expenditures (ARE)

Annual report of expenditures is posted in compliance with HB 2269 passed by the 2009 General Assembly. The data reported here is based on Virginia Department of Education classifications used in the State's Annual School Report. These classifications may or may not be consistent with those used by Fairfax County Public Schools in budgeting and financial documents. In addition, the state-report data does not include audit adjustments, if any.

For reports prior to fiscal year 2013, contact Monique Remy, Chief Accountant, at [email protected].