The report presents the September 30 2019 financial statements for the Firemen’s Relief and Retirement Fund, a fiduciary fund of the City of McAllen. An independent audit by Weaver & Tidwell concluded the statements are presented fairly in accordance with U.S. GAAP. The fund held $53.97 million in net position for pension benefits, received $1.50 million in member contributions and $1.63 million in employer contributions, earned a net investment gain of $2.01 million, and paid $3.52 million in retirement benefits and other deductions. Total investments were valued at $53.24 million, with an estimated 1.80% return for the year.
| Auditor's opinion | Unmodified opinion – financial statements present fairly in accordance with U.S. GAAP |
| Net position held in trust (Sept 30 2019) | $53,972,127 |
| Member contributions (2019) | $1,499,346 |
| Employer contributions (2019) | $1,625,691 |
| Net investment gain (2019) | $2,006,816 |
| Total net additions (2019) | $5,131,942 |
| Total deductions (2019) | $3,835,224 |
| Total investments at fair value (Sept 30 2019) | $53,240,990 |