PERAC Memo #7 - 2010: Calendar Year 2009 Annual Statements
Calendar Year 2009 Annual Statements
View original on MA State Library →Summary
This memo announces the 2009 Annual Statement preparation cycle, distributed via CD along with a sample statement and preparation guide, and notes a seminar covering changes tied to updates in PERAC's Accounting Manual, with auditors available for one-on-one assistance. Boards must submit their pre-closing cashbook and trial balance for December 2009 by February 28, 2010, and complete, sign, and return the Annual Statement to PERAC by May 1, 2010; boards are also asked to RSVP for the seminar using the enclosed sign-up sheet.
Full Text
MEMORANDUM #07, 2010
M E M O R A N D U M
TO: All Retirement Boards
FROM: Frank E. Valeri, Deputy Director
RE: Calendar Year 2009 Annual Statements
DATE: January 15, 2010
It is time for the preparation of the Annual Statement, which must be completed, signed, and returned to the Public
Employee Retirement Administration Commission (PERAC) by May 1, 2010. One of our Auditors will be assigned to
work with you to provide technical assistance as needed.
The Annual Statement publications are now being distributed primarily via compact disc (CD). However, printed
copies of all of the documents will still be available upon request.
The attached CD contains the 2009 Annual Statement, a Sample Annual Statement, and the guide, Preparing the
Annual Statement in PDF. All of these documents are designed to be printed on 8 ½ by 11 paper.
This year, our auditors will make a presentation about the changes in the 2009 Annual Statement that are related to
revisions in PERAC’s Accounting Manual for Massachusetts Public Pension Systems (initially presented in August of
2008, and updated in May and August of 2009). After the presentation, PERAC auditors will also be available on an
informal basis for one-on-one consultations about preparation basics, the process in general, and common year-end
pitfalls.
Our goal is to provide whatever assistance is needed by retirement board staff members who are new to the entire
process as well as those who are simply seeking clarification about a few points. We hope that each individual’s needs
will be better met by including time for such consultations.
We have enclosed a contact card to facilitate your access to an e-mail address and telephone number for any inquiries
you may have about preparing the 2009 Annual Statement.
A sign up sheet for the seminar about preparing the 2009 Annual Statement is attached. It would be very much
appreciated if you would let us know if you plan on attending. It will help us to ensure that we have the right number
of auditors and reference materials on hand.
Please submit your pre-closing cashbook and trial balance for December 2009 to PERAC prior to February 28, 2010.
If you encounter difficulties with this deadline, please contact me directly.
Thank you for your cooperation in this year-end closing process.
Enclosure