SBCERA Receives Recognition for Excellence in Financial Reporting

November 5, 2020

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The San Bernardino County Employees’ Retirement Association (SBCERA) has been awarded the Government Finance Officers Association’s (GFOA) Certificate of Achievement for Excellence in Financial Reporting for our Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2019.

This 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 a government agency and its management.  This is the 23rd year in a row SBCERA has been recognized for this award.

The CAFR is created annually to provide a detailed overview of 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.

“This is a great achievement for our team and I am very 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 2019 CAFR can be viewed on our website on our Financial Reports page here: www.SBCERA.org/Financial-Reports or by clicking the link below.

Comprehensive Annual Financial Report (CAFR) 2019

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