Outstanding Achievement in Popular Annual Financial Reporting

July 7, 2017

The Government Finance Officers Association of the United States and Canada (GFOA) has given an Award for Outstanding Achievement in Popular Annual Financial Reporting to PERA for its Popular Annual Financial Report for the year ended December 31, 2015. The Award for Outstanding Achievement in Popular Annual Financial Reporting is a prestigious national award recognizing conformance with the highest standards for preparation of state and local government popular reports.

In order to receive an Award for Outstanding Achievement in Popular Annual Financial Reporting, a government unit must publish a Popular Annual Financial Report, whose contents conform to program standards of creativity, presentation, understandability, and reader appeal.

An Award for Outstanding Achievement in Popular Annual Financial Reporting is valid for a period of one year only. PERA has received a Popular Award for the last 14 consecutive years. We believe our current report continues to conform to the Popular Annual Financial Reporting requirements, and we are submitting it to GFOA.

This Popular Annual Financial Report (PAFR) is derived from information contained in PERA’s 2016 Comprehensive Annual Financial Report (CAFR); however this PAFR is not presented in a manner which conforms with generally accepted accounting principles (GAAP). Information in this PAFR is presented in a summarized format for purposes of reader appeal and certain financial information and note disclosures are omitted. Readers may obtain additional detail from PERA’s CAFR which conforms with GAAP and is available on our website. Alternatively, readers may request a copy of the CAFR from PERA’s Customer Service Center.