SBCERA Receives Recognition for Excellence in Financial Reporting
October 17, 2024
San Bernardino, CA – The San Bernardino County Employees’ Retirement Association (SBCERA) has been awarded by the Government Finance Officers Association of the United States and Canada (GFOA) the Certificate of Achievement for Excellence in Financial Reporting for our Annual Comprehensive Financial Report and an Award for Outstanding Achievement for Popular Financial Reporting for our Popular Annual Financial Report for the fiscal year ended June 30, 2023.
The Certificate of Achievement for Excellence in Financial Reporting is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management. This is the 27th year in a row SBCERA has been recognized for this award.
The Annual Comprehensive Financial Report is created annually to provide a detailed overview of the SBCERA Plan (the Plan) and SBCERA’s financial, actuarial, and investment-related activities for the year. This document has been judged by an impartial panel to meet the high standards of the program, which include demonstrating a constructive “spirit of full disclosure” that clearly and transparently communicates our financial story.
Separately, the Award for Outstanding Achievement for Popular Annual Financial Reporting is a prestigious national award recognizing conformance with the highest standards for preparation of state and local government popular reports. In order to receive this award, a government unit must publish a Popular Annual Financial Report, whose contents conform to program standards of creativity, presentation, understandability, and reader appeal.
“These are important achievements for our team and I’m proud to have SBCERA recognized for our fiscal responsibility and transparency,” said SBCERA, CEO, Debby Cherney. “To our members and Plan sponsors, thank you for placing your trust in SBCERA. We recognize the importance of efficiently managing our resources and responsibly funding the Plan over time. You can count on our team to fulfill this responsibility now and in the future.”
A copy of the 2023 Annual Comprehensive Financial Report and Popular Annual Financial Report can be viewed on our website on our Financial Reports page here: www.SBCERA.org/Financial-Reports or by clicking the links below.