We received awards from the Government Finance Officers Association of the United States and Canada (GFOA) for our Annual Comprehensive Financial Report (ACFR) and our Popular Annual Financial Report (PAFR) for the year ending December 31, 2024.
Our ACFR has received the GFOA Certificate of Achievement for Excellence in Financial Reporting for 36 consecutive years and our PAFR has received the Award for Outstanding Achievement for the past six years.
What is an Annual Comprehensive Financial Report or ACFR?
The ACFR provides financial, investment, actuarial, statistical, and other related information about DERP and the pension plan we administer. It also assures we’re in compliance with applicable legal provisions.
What is a Popular Annual Financial Report or PAFR?
The PAFR supplements the ACFR and is written in a simple and easy-to-understand format to inform readers without a background in finance or accounting. The report contains data, graphs, charts, and visual elements to summarize financial, investment, and member information.