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Firemen’s Relief and Retirement Fund 2012 Financial Statements

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McAllen

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What is this?

The document contains the 2012 financial statements for the Firemen's Relief and Retirement Fund, a fiduciary fund of the City of McAllen. It includes the auditor’s opinion that the statements are presented fairly, a management discussion of contributions, investment performance, benefit payments, and detailed tables of assets, liabilities, and changes in net assets for the year ending September 30, 2012.

Key figures

Total net assets held in trust $38,306,011
Employee contributions $1,027,430
Employer contributions $1,287,288
Net investment gain $5,952,478
Total additions to net assets $8,267,196
Benefit payments to retirees $2,001,400
Total deductions from net assets $2,387,755
Estimated rate of return on investments 18.3%
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