Section 800.410  Fiscal Reporting

An annual report shall be made by the Board following the close of each fiscal year as provided by law. The fiscal year shall date from July 1 of one year through June 30 of the year next following. The report shall embody a review of investment operations for the year, including a listing of all invested assets showing their book values and market values, the balances applicable to the several pension funds under the authority of the Board, comment on the policies and procedures maintained by the Board during the year, and recommendations on any possible future changes in the governing statute or Board policies.

(Source:  Amended at 32 Ill. Reg. 360, effective December 26, 2007)