IMRF Wins GFOA Awards for Excellence

October 26, 2017

The Government Finance Officers Association (GFOA) awarded the Illinois Municipal Retirement Fund (IMRF), with the Certificate of Achievement for Excellence in Financial Reporting for its 2016 Comprehensive Annual Financial Report (CAFR), a document that shares high-level, organizational facts and figures.

2017 CAFR AwardEarning 43 awards, IMRF is in the highest percentile of winners. Out of thousands of annual entries, IMRF holds a top-ten spot among all-time award recipients, according to GFOA’s online records.

“I am so proud of our Finance and Communications teams,” Executive Director Louis W. Kosiba said. “At IMRF, we are the stewards of the dollars contributed by our members and Illinois taxpayers – transparency is key.”

The state’s second-largest and best-funded statewide public pension plan joins a select group of other Illinois public entities acknowledged by GFOA for “the highest form of recognition in governmental accounting and financial reporting and its attainment represents a significant accomplishment by a government and its management.”  

IMRF’s Chief Financial Officer, Mark Nannini, calls this recognition “another step to show how financially sound IMRF is for members and employers.” PAFR Award for 2016 ReportEvery year, Nannini leads the CAFR team in producing clear, colorful, and comprehensive documents that transform numbers and charts into an easy-to-understand, informative page-turner.

In addition to the certificate for the comprehensive report, IMRF also received the Award for Outstanding Achievement in Popular Annual Financial Reporting for the fifteenth time. The popular annual financial report (PAFR) is prepared for the general public, with fewer pages, fewer technical elements, and more relatable terminology.  

GFOA, a professional association established in 1906, represents people in financial management throughout the United States and Canada, including appointed and elected local, state/provincial, and federal finance officials.

Read this year's award-winning CAFR and PAFR, and review previous issues, here.