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| 1 | SENATE RESOLUTION | ||||||
| 2 | WHEREAS, The members of the Illinois Senate wish to | ||||||
| 3 | congratulate the Illinois Police Officers' Pension Investment | ||||||
| 4 | Fund (IPOPIF) on receiving the Certificate of Achievement for | ||||||
| 5 | Excellence in Financial Reporting by the Government Finance | ||||||
| 6 | Officers Association (GFOA); and | ||||||
| 7 | WHEREAS, GFOA established the Certificate of Achievement | ||||||
| 8 | for Excellence in Financial Reporting Program in 1945 to | ||||||
| 9 | encourage and assist state and local governments to go beyond | ||||||
| 10 | the minimum requirements of generally accepted accounting | ||||||
| 11 | principles to prepare annual comprehensive financial reports | ||||||
| 12 | that evidence the spirit of transparency and full disclosure | ||||||
| 13 | and then to recognize individual governments that succeed in | ||||||
| 14 | achieving that goal; and | ||||||
| 15 | WHEREAS, The Certificate of Achievement is the highest | ||||||
| 16 | form of recognition in the area of governmental accounting and | ||||||
| 17 | financial reporting, and its attainment represents a | ||||||
| 18 | significant accomplishment by a government and its management | ||||||
| 19 | and signifies that the annual certified financial report | ||||||
| 20 | (ACFR) satisfied the high standards of the program; and | ||||||
| 21 | WHEREAS, IPOPIF was awarded the Certificate of Achievement | ||||||
| 22 | for Excellence in Financial Reporting for its annual | ||||||
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| 1 | comprehensive financial report for the year ending on June 30, | ||||||
| 2 | 2023, marking the first time that the organization applied for | ||||||
| 3 | the award and coinciding with a more comprehensive ACFR for | ||||||
| 4 | fiscal year 2023 based on the growth of the fund in terms of | ||||||
| 5 | the investment program and transfer of assets of a majority of | ||||||
| 6 | the Article 3 police pension funds; and | ||||||
| 7 | WHEREAS, IPOPIF earned the Certificate of Achievement for | ||||||
| 8 | Excellence in Financial Reporting under the leadership of | ||||||
| 9 | Executive Director Richard White and through the efforts, | ||||||
| 10 | attention to detail, and commitment of Chief Financial Officer | ||||||
| 11 | Regina Tuczak and Senior Accountant Amy Zick; therefore, be it | ||||||
| 12 | RESOLVED, BY THE SENATE OF THE ONE HUNDRED THIRD GENERAL | ||||||
| 13 | ASSEMBLY OF THE STATE OF ILLINOIS, that we congratulate the | ||||||
| 14 | Illinois Police Officers' Pension Investment Fund (IPOPIF) on | ||||||
| 15 | being awarded the Certificate of Achievement for Excellence in | ||||||
| 16 | Financial Reporting by the Government Finance Officers | ||||||
| 17 | Association (GFOA); and be it further | ||||||
| 18 | RESOLVED, That a suitable copy of this resolution be | ||||||
| 19 | presented to Executive Director Richard White of the Illinois | ||||||
| 20 | Police Officers' Pension Investment Fund as an expression of | ||||||
| 21 | our esteem and respect. | ||||||