January  2007

ACERA Awarded for Outstanding Achievement in Popular Annual Financial Reporting for its First PAFR

The Government Finance Officers Association (GFOA) of the United States and Canada has granted ACERA the award for Outstanding Achievement in Popular Annual Financial Reporting.  The ACERA 2005 Popular Annual Financial Report (PAFR) for fiscal year ended December 31, 2005 is an 8-page, plain English, member-friendly booklet about the operations and financial position of ACERA.  It is ACERA’s very first PAFR publication making the receipt of the award even more outstanding.

This prestigious national award recognizes conformance to the highest standards for preparing state and local government popular reports.  To receive it, our PAFR had to conform to GFOA program standards for creativity, presentation, understandability, and reader appeal.

ACERA has received a similar award for its Comprehensive Annual Financial Report (CAFR) for the last ten years.  

ACERA 2005 PAFR

The PAFR will help you understand ACERA's commitment to financial integrity and member services.  To download a copy of the current PAFR, click on the following link:

Popular Annual Financial Report (PAFR)

The 2005 PAFR is divided into seven sections:

Introductory Letter: Letter from ACERA’s Chief Executive Officer (CEO) (formerly known as the General Manager).

 

Accomplishments for Fiscal Year 2005: Review of project progress, positions, and other developments.

 

Additions to and Deductions from Plan Net Assets: Sources of plan net assets, including additions and deductions.

 

Supplemental COLA and the SRBR: Explanation of Supplemental COLA program and its funding source.

 

Investments: Investment philosophy and standards, asset allocation, and fund performance.

 

ACERA’s Membership: Employer and member categories.

 

Administrative Organization Chart: Flow chart of executive staff with titles.

If you have any questions or comments regarding this report, please contact us.

- Last Modified: 2007-01-09 10:00:40