The report contains the audited 2016 financial statements for the City of McAllen’s Firemen’s Relief and Retirement Fund, a pension trust that holds about $44.8 million for firefighter retirement benefits. It shows contributions from members ($1.27 M) and the city ($1.55 M), investment earnings of $3.57 M, benefit payments of $2.89 M, and an overall return of 8.41%—above the required 7.5% actuarial rate. The independent auditor gave an unqualified (clean) opinion that the statements fairly present the fund’s financial position.
| Total fiduciary net position | $44,759,055 |
| Member contributions (2016) | $1,265,734 |
| Employer contributions (2016) | $1,554,567 |
| Net investment gain (2016) | $3,571,662 |
| Retirement benefit payments (2016) | $2,886,958 |
| Rate of return for 2016 | 8.41% |
| Auditor's opinion | Unqualified (clean) |