Financial Reports
Comprehensive financial statements and annual reports
Financial Transparency
ASGERF is committed to providing complete transparency regarding the fund's financial position and performance. Our comprehensive financial reports include audited financial statements, actuarial valuations, and detailed analysis of the fund's operations.
Comprehensive Annual Financial Reports (CAFR)
2023 CAFR
Annual Report
Complete 2023 comprehensive annual financial report including audited statements, management discussion, and statistical information.
2022 CAFR
Annual Report
2022 comprehensive annual financial report with full audited financial statements and investment performance analysis.
2021 CAFR
Annual Report
2021 comprehensive annual financial report documenting strong investment recovery and fund performance improvements.
Actuarial Valuations
2023 Actuarial Valuation
As of October 1, 2023
Understanding Actuarial Valuations
Actuarial valuations are conducted annually to assess the fund's financial health and determine the appropriate contribution rates needed to maintain the system's long-term sustainability.
Key Components:
- Funded Ratio: Percentage of liabilities covered by assets
- Actuarial Liability: Present value of all future benefits
- Contribution Rates: Required employer and employee contributions
- Experience Study: Review of actual vs. expected experience
Historical Actuarial Reports:
Independent Audit Reports
ASGERF undergoes annual independent audits to ensure financial statement accuracy and compliance with accounting standards and fiduciary responsibilities.
Recent Audit Reports
Audit Standards
- Generally Accepted Auditing Standards (GAAS)
- Governmental Auditing Standards (Yellow Book)
- GASB Statement compliance verification
- Internal control assessment
- Compliance testing and reporting
Additional Financial Information
For additional financial reports, historical documents, or specific financial data requests, please contact our administrative team.
info@asgerf.as
Phone
(684) 633-4485