This document is the audited financial report for the City of McAllen’s Firemen’s Relief and Retirement Fund for the fiscal year ending September 30, 2021. It includes the auditor’s opinion, the fund’s statement of fiduciary net position, changes in net position, notes, and management’s discussion of contributions, investment earnings, benefit payments and overall fund performance.
| Total fiduciary net position (trust) as of 9/30/2021 | $66,344,136 |
| Member contributions for 2021 | $1,836,219 |
| Employer contributions for 2021 | $1,969,448 |
| Net investment income (gain) for 2021 | $9,374,927 |
| Total net additions to fund position in 2021 | $13,180,594 |
| Benefit payments to retirees and survivors in 2021 | $4,036,442 |
| Total deductions from fund position in 2021 | $4,792,687 |
| Total investments (fair value) at 9/30/2021 | $63,093,548 |