Financial

Financial


Annual Comprehensive Financial Report

ACFR/PAFR

Valuations

Actuarial Valuations

GASB

In June 2012, the Governmental Accounting Standards Board (GASB) issued new public pension accounting rules that took effect in fiscal year 2015 for local and state governments.  This page contains information about those accounting changes, which are substantial.  We will add updated materials as necessary to help you meet the GASB requirements.

GASB Toolkit

OPEB

During the 2008 legislative session, legislation was passed allowing a political subdivision or other public entity that creates or has created an actuarial liability to pay post-employment benefits to employees or officers after their termination of service to establish a trust used to pay those benefits.  That trust, established under Minnesota Statutes 471.6175, may be either revocable or irrevocable, and the assets may be administered by PERA, a bank, or an insurance company or agency.

LONG TERM INVESTMENTS

Minnesota Statute expands the long-term equity investment authority for certain government entities, including allowing investing through the State Board of Investment (SBI) with PERA acting as the administrator.