Title
SCERS Annual Financial Report for FY 2024
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FileID
File ID: 2025-00446
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Location
Location: Citywide
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Recommendation
Recommendation: Receive and file.
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Contact
Contact: Osvaldo Lopez, Finance Manager, (916) 808-4740, olopez@cityofsacramento.org, Department of Finance
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Presenter
Presenter: Mohammad Malik, Senior Accountant Auditor, (916) 808-5058 mmalik@cityofsacramento.org, Department of Finance
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Attachments
Attachments:
1-Description/Analysis
2-Sacramento City Employees' Retirement System Annual Financial Report FY 2024
3-FY2023/24 Auditor's Letter on Required Communications
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Additional Description/Analysis
IssueDetail
Issue Detail: Annual financial report provided to the board.
The Sacramento City Employees' Retirement System (SCERS) Annual Financial Report for the fiscal year (FY) that ended June 30, 2024 (FY 2023/24) was prepared by the Department of Finance Accounting Division and audited by external auditors, to present the financial results of SCERS. The June 30, 2024, Auditor's Report to the Administration, Investment, and Fiscal Management Board (AIFM Board) and Members of City Council provides additional information about the FY2023/24 SCERS audit.
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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 does not constitute a "project" as it involves only organizational or administrative activities that will not result in direct or indirect physical changes in the environment and is therefore exempt according to CEQA guideline Section 15378 (b)(5).
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Sustainability
Sustainability: Not applicable.
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Commission/Committee Action
Commission/Committee Action: None.
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