Audit 2000 Report Template

Report of the PUBLIC EMPLOYEE RETIREMENT ADMINISTRATION COMMISSION on the Examination of the Methuen Contributory Retirement System For the Three Year Period January 1, 2003 - December 31, 2005 PERAC 2005: 12-060-15 TABLE OF CONTENTS Letter From The Executive Director.………………………………………………1 Statement Of Ledger Assets And Liabilities .............................................................2 Statement Of Changes In Fund Balances ..................................................................3 Statement Of Income .................................................................................................4 Statement Of Disbursements......................................................................................5 Investment Income.....................................................................................................6 Statement Of Allocation Of Investments Owned ......................................................7 Supplementary Investment Regulations ....................................................................8 Notes To Financial Statements Note 1 - The System..............................................................................................10 Note 2 - Significant Accounting Policies..............................................................11 Note 3 - Supplementary Membership Regulations..............................................12 Note 4 - ...