The Annual Comprehensive Financial Report
(ACFR) provides in-depth information about the
operations and financial position of ACERA. Readers will find the
Annual Comprehensive Financial Report 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.