Financial Reports

Overview

Financial Reports

CCCERA publishes two financial reports each year. The first is the  Annual Financial Report (Annual Report), which contains CCCERA’s financial statements. The second is the Popular Annual Financial Report (PAFR), which is a summary of the Annual Report.

In accordance with Gov. Code Section 31597, each year CCCERA issues an annual financial statement by June 30 for the preceding calendar year. Since 1998, CCCERA’s financial statement is published within the Annual Report.

Overview

Annual Financial Report (Annual Report)

In addition to the financial statements, the Annual Report contains information on CCCERA’s investments, actuarial information regarding funding, and statistical information on CCCERA membership. Information contained in the report is designed to provide a complete and accurate review of the year’s operations.

Overview

Popular Annual Financial Report (PAFR)

In addition to the Annual Report, each year CCCERA publishes a PAFR. This report extracts information from the Annual Report and is specifically designed to be readily accessible and easily understandable to the general public and other interested parties.