Title:
Title
Fiscal Year 2017/18 Sacramento City Employees' Retirement System Annual Financial Report
End
FileID
File ID: 2018-01753
Location
Location: Citywide
Recommendation:
Recommendation
Receive and file.
Contact: Osvaldo Lopez, Accounting Manager, (916) 808-4740; Dawn Holm, Director, (916) 808-5574, Department of Finance
Body
Presenter: None
Attachments:
1-Description/Analysis
2-FY2017/18 SCERS Annual Financial Report
3-FY2017/18 SCERS Report to AIFM Board and City Council
Description/Analysis
Issue Detail: The Fiscal Year (FY) 2017/18 Sacramento City Employees' Retirement System (SCERS) Annual Financial Report has been prepared by the Accounting Division and audited by external auditors to present the financial results of SCERS for the fiscal year that ended June 30, 2018. The June 30, 2018, Auditor's Report to the Administration, Investment, and Fiscal Management Board (AIFM Board) and Members of City Council provides additional information about the FY2017/18 SCERS audit.
Policy Considerations: This report is consistent with the City's fiscal transparency and accountability principles and is required by the AIFM Board Policy Statement.
Economic Impacts: None
Environmental Considerations: Not applicable.
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)).
Sustainability: Not applicable.
Commission/Committee Action: The Fiscal Year 2017/18 Sacramento City Employees' Retirement System (SCERS) Annual Report was presented to the Budget and Audit Committee on April 2, 2019. The Committee approved a Motion to forward the report to the City Council.
Rationale for Recommendation: It is in the best interest of the City Council to review the FY2017/18 SCERS Annual Financial Report and the June 30, 2018 Auditor's Rep...
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