The Annual Comprehensive Financial Report (ACFR) contains financial results of the Fund’s operation in a fiscal year. The ACFR also includes investment, actuarial, and statistical information about the Fund for the fiscal year.
The Fund’s management is responsible for the preparation and fair presentation of the Fund’s financial statements in accordance with generally accepted accounting principles. In compliance with 40 ILCS 5/5-188, the Fund contracts with an independent certified public accounting firm to perform an annual audit of the assets of the Fund and issue a financial opinion.
Each year, the Actuary for PABF prepares a Valuation Report and GASB 67/68 Actuarial Reports as part of the annual close of the fiscal year. The reports are presented to the Board of Trustees for review and approval. The Valuation Report includes funding status and other related matters to meet the various regulatory requirements. The GASB 67/68 Reports assists PABF to comply with financial reporting requirements and is provided to the Fund’s Auditor as part of the annual audit.
2020 Valuation Report 2020 GASB 67 and 68
2019 Valuation Report 2019 GASB 67 and 68
2018 Valuation Report 2018 GASB 67 and 68
2017 Valuation Report 2017 GASB 67 and 68
2016 Valuation Report 2016 GASB 67 and 68
2015 Valuation Report 2015 GASB 67 and 68
2014 Valuation Report 2014 GASB 67 and 68
2013 Valuation Report
2012 Valuation Report
2011 Valuation Report
2010 Valuation Report
2009 Valuation Report
2008 Valuation Report
2007 Valuation Report