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4 results for “municipal retirement” · budget

  • Annual Comprehensive Financial Report For the Year Ended June 30, 2021

    Jun 30, 2021

    ·Worcester, MA
    Budget

    The Annual Comprehensive Financial Report for the City of Worcester, Massachusetts for the fiscal year ended June 30, 2021 presents the city's complete financial position, including government-wide financial statements, fund financial statements, and required supplementary information on pensions and other post-employment benefits (OPEB). The report was prepared by the Office of the City Auditor, Robert V. Stearns, CPA, and includes detailed exhibits covering the Statement of Net Position, Statement of Activities, Balance Sheets, and various fund statements across 226 pages. The document covers governmental funds, proprietary funds, fiduciary accounts, and supplementary schedules related to the Worcester Retirement System (WRS) and Massachusetts Teachers' Retirement System (MTRS) pension obligations.

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    annual budgetfinancial reportingpension obligationsretirement system
municipal finances
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  • 2021 Annual Comprehensive Financial Report

    Palmerton, PA
    Budget

    The Pennsylvania Municipal Retirement System's 2021 Annual Comprehensive Financial Report documents the fiduciary net position, investment performance, and financial activities of the pension system for fiscal years 2021 and 2020. The report includes financial statements, independent auditor's report, management's discussion and analysis, investment summaries showing portfolio distribution and rates of return, and actuarial information covering plan provisions and pension contributions. The document serves as the official accounting of the system's assets, liabilities, and administrative and investment expenses under the leadership of Chairman Barry L. Sherman and CEO Timothy A. Reese.

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    pension systemfinancial reportinvestment performancemunicipal retirement
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  • 2021 Annual Comprehensive Financial Report

    Carbondale, PA
    Budget

    The Pennsylvania Municipal Retirement System's 2021 Annual Comprehensive Financial Report presents a complete overview of the pension system's financial performance for fiscal years 2020 and 2021, covering financial statements, investment activity, actuarial analysis, and administrative operations. The report includes an independent auditor's assessment, management discussion and analysis, detailed financial statements showing fiduciary net position and changes, and supplementary schedules documenting administrative expenses, investment expenses, and pension contributions. The document also outlines the system's investment guidelines, asset allocation strategy, and portfolio performance for the reporting period.

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    pension systemfinancial reportinvestment performancemunicipal retirementactuarial analysis
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  • 45-015-3-N2.0693-East-Stroudsburg-Borough-CB-Plan- ...

    Stroudsburg, PA
    Budget

    This GASB 68 report provides pension accounting and financial reporting information for East Stroudsburg Borough's defined benefit pension plan as of December 31, 2022. Key findings show a Net Pension Liability of $56,051, with total pension expenses of $43,319 (5.24% of payroll of $826,726), representing an increase from the prior year's pension expense of $23,963 (3.38% of payroll). The report includes detailed actuarial valuations, calculations of deferred inflows and outflows, employer contribution schedules, and actuarial assumptions used by the Pennsylvania Municipal Retirement System.

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    pension liabilitybudget accountingmunicipal finance
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