Case Study: Granby reduces AFR prep time and strengthens market confidence with DebtBook

Granby reduces AFR prep from hours to 5 minutes with DebtBook

The Town of Granby, New York, a small municipality with a one-person finance team, faced significant challenges managing its $10 million debt portfolio. Before implementing DebtBook, the town struggled with decentralized and missing documentation, manual reporting for debt payments and compliance filings, and difficulty preparing its legally required Annual Financial Report (AFR). This lack of organization and transparency created operational inefficiencies and hindered financial planning.

By implementing DebtBook's debt management platform, Granby centralized all its debt instruments, leases, and subscription-based IT arrangements. This solution automated calculations, simplified reporting, and streamlined GASB compliance. As a result, DebtBook reduced AFR preparation time from hours to just minutes, ensured data accuracy, and helped the town build a reputation for transparency. This directly contributed to Granby securing some of the best financing rates in the county, saving taxpayer money on interest.