Comprehensive Annual Financial Report

The Comprehensive Annual Financial Report (CAFR) is a publication that provides in-depth information about the operations and financial position of ACERA. Readers will find the CAFR helpful in understanding ACERA's commitment to financial integrity and member services. Responsibility for both accuracy of the data, and the completeness and fairness of the presentation, rests with ACERA's management. It is our intent to ensure that the presentation of financial information is accurate and fair, and all material disclosures have been made.

To obtain a copy of the current ACERA financial reports, click on the following links to download:

• Comprehensive Annual Financial Report (CAFR) 

• Popular Annual Financial Report (PAFR)

The Comprehensive Annual Financial Report is divided into five sections:

Introductory Section: Letter of Transmittal, ACERA’s Mission Commitment and Goals, list of Board of Retirement members, ACERA's Administrative Organization Chart, list of Professional Consultants, the Government Finance Officers Certificate of Achievement for Excellence in Financial Reporting. 

 

Financial Section: Independent Auditors’ Report, Management’s Discussion and Analysis, Financial Statements of the system including Notes to the Financial Statements, and Required Supplementary Schedules.

 

Investment Section: Chief Investment Officer’s Report, Investment Consultant’s Report, Asset Allocations, List of Investment Professionals, Investment holdings, and various investment schedules.

 

Actuarial Section: Actuary’s Certification Letter, results of the most recent annual actuarial valuation, overview of the funding status of the Association and other actuarial-related information.

 

Statistical Section: Significant detailed demographic and other statistical data pertaining to ACERA.

 

Compliance Section: Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards.

We trust that you and the members of ACERA will find this CAFR helpful in understanding the Association and our commitment to maintaining financial integrity and improving member service.  If you have any questions or comments regarding these reports, please contact us.