24-11-206. Annual financial report.

Arkansas Code — all titles (historical 2020) · legal_authorities

24-11-206. Annual financial report. (a) Each plan shall cause to be prepared an annual financial report following the close of each fiscal year. The financial report shall contain at least the following information: (1) A summary of the benefits available to covered persons; and (2) The accounting information specified in § 24-11-207. (b) The annual financial report shall be filed with the Executive Director of the Arkansas Fire and Police Pension Review Board.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-11-206

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.

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Arkansas Code — all titles (historical 2020) · legal_authorities

24-11-207. Annual financial report — Duty of board of trustees.

24-11-207. Annual financial report — Duty of board of trustees. (a)(1) The board of trustees of each plan shall annually cause a financial report to be prepared covering each plan fiscal year. (2) The annual financial report shall be prepared at the direction of the board of trustees and in accordance with reporting procedures established by the Arkansas Fire and Police Pension Review Board. (b) Each annual financial report shall include at least the following: (1)(A) The plan's revenues and expenditures during the year. (B) The revenues shall include at least the annual total for each of the following items: (i) Employee contributions; (ii) Employer contributions from the state; (iii) Employer contributions, other; (iv) Investment income: (a) Interest and dividends; (b) Gain or loss on sales; (c) Other (specify); and (d) The total of subdivisions (b)(1)(B)(i)-(iii) of this section; (v) The change in unrealized gain or loss from the previous year; (vi) Other (specify); and (vii) The total of subdivisions (b)(1)(B)(i)-(vi) of this section. (C) The expenditures shall include at least the annual total for each of the following items: (i) Refunds of employee contributions; (ii) Benefits paid; (iii) Administrative expenses; (iv) Other (specify); and (v) The total of subdivisions (b)(1)(C)(i)-(iv) of this section. (D) The difference between revenues and expenditures is the change in plan reserve assets for the year; and (2)(A) The plan reserve assets. (B) The reserve assets at year's end shall include at least the total for each of the following items: (i) Cash and bank checking accounts, noninterest-earning; (ii) Bank deposits, interest-earning; (iii) Savings and loan deposits, interest-earning; (iv) Other cash equiva

Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-11-207

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 24-11-207. This identifies an authority to review, not proof of applicability.