Indiana PERF's Annual Achieves National Recognition
Certificate is first since 2002 for a PERF annual report
INDIANAPOLIS (Sept. 13, 2007) - The 2006 Annual Report for the Indiana Public Employees' Retirement Fund (PERF) was recognized nationally by the Government Finance Officers Association (GFOA) with a Certificate of Achievement for Excellence in Financial Reporting.
This marks the first time since 2002 that PERF annual report has achieved this recognition. The publication's release in December 2006 coincided with PERF's first unqualified audit opinion in four years from the Indiana State Board of Accounts (SBOA), PERF's independent auditor.
"Accountability to our customers is a major emphasis at PERF. Our unqualified audit opinion and the excellence of our annual report are two examples of our commitment to sound management and open communication with those we serve," said PERF Executive Director Terren B. Magid.
The significance of the award was noted by SBOA Deputy State Examiner Paul Joyce. "The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by PERF and its management," he said. "This is the first time in several years that PERF has received this award for its financial reporting and they should be very proud of their accomplishment."
PERF's annual report was judged by an impartial panel to meet the high standards of the GFOA program, including demonstrating a constructive ‘spirit of full disclosure’ to clearly communicate PERF’s financial story and to motivate plan members, employers and the interested public to read the annual report.
In addition to a thorough and clear reporting of PERF’s 2006 financial position, the annual report featured satisfied customers from Fishers, Geneva, Hagerstown, Indianapolis and West Lafayette.
About PERF
The Public Employees’ Retirement Fund (PERF) is a $17.2 billion retirement fund headquartered in Indianapolis. PERF serves the needs of more than 220,000 public employees and retirees throughout Indiana.
About the GFOA
The GFOA is a nonprofit professional association serving approximately 16,000 government finance professionals with offices in Chicago and Washington, D.C.
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CONTACT:
Jeff Hutson
Director of Communications
(317) 234-3401
jhutson@perf.in.gov
