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Audit Report and Financial Statements for Firemen’s Retirement Fund (Sept 2023)

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McAllen

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The City of McAllen’s Firemen’s Relief and Retirement Fund released its September 30, 2023 financial statements together with an independent auditor’s report. The auditor gave an unqualified opinion, stating the statements fairly present the fund’s financial position and changes in that position. As of the reporting date the fund held $57,588,137 in net assets. During the year, firefighters contributed $2,010,356, the city contributed $2,155,354, and the fund earned a net investment gain of $4,987,718. The money‑weighted average return for 2019‑2023 was 3.83 %. A supplemental report on internal control and compliance was also issued on May 16, 2024.

Key figures

Audit opinion Unqualified (fair presentation) opinion
Report date (internal control report) May 16, 2024
Financial statement date September 30, 2023
Total fiduciary net position $57,588,137
Member contributions (2023) $2,010,356
Employer contributions (2023) $2,155,354
Net investment gain (2023) $4,987,718
Money‑weighted average return (2019‑2023) 3.83 %
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