Title
Fiscal Year (FY) 2022/23 Sacramento City Employees' Retirement System Annual Financial Report
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FileID
File ID: 2024-00990
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Location
Location: Citywide
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Recommendation
Recommendation: Pass a Motion accepting and forwarding to City Council the Fiscal Year (FY) 2022/23 Sacramento City Employees' Retirement System Annual Financial Report.
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Contact
Contact: Osvaldo Lopez, Finance Manager, (916) 808-4740, olopez@cityofsacramento.org; Peter Coletto, Finance Director, (916) 808-5416, pcoletto@cityofsacramento.org, Department of Finance
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Presenter
Presenter: None
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Attachments
Attachments:
1-Description/Analysis
2-FY2022/23 SCERS Annual Financial Report
3-FY2022/23 SCERS Report to AIFM Board and City Council
4-FY2022/23 SCERS Independent Auditor's Report on Internal Control Over Financial Reporting
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Description/Analysis
IssueDetail
Issue Detail: The Sacramento City Employees' Retirement System (SCERS) Annual Financial Report for the fiscal year that ended June 30, 2023 was prepared by the Department of Finance, Accounting Division and audited by external auditors, to present the SCERS financial results. The June 30, 2023, Auditor's Report to the Administration, Investment, and Fiscal Management Board (AIFM Board) and Members of Council provides additional information about the FY2022/23 SCERS audit (Attachment 3).
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PolicyConsiderations
Policy Considerations: This report is consistent with the City's fiscal transparency and accountability principles and is required by the AIFM Board Policy Statement.
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EconomicImpacts
Economic Impacts: None.
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EnvironmentalConsiderations
Environmental Considerations:
California Environmental Quality Act (CEQA): This action is not a project subject to CEQA because it involves only organizational or administrative activities that will not result in direct or indirect physical changes in the environment (CEQA Guidelines ?15378(b)(5)).
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Sustainabili...
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