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The State of Colorado released its annual audit of Colorado PERA’s financial reporting and internal controls, finding no issues that needed attention.



The State presented those findings at a meeting of the Legislative Audit Committee on Monday, Aug. 7. The hearing included presentations from the Office of the State Auditor, the state’s outside auditor, Colorado PERA, and PERA’s actuarial consultants.



<h2 class="wp-block-heading">Results of outside audit</h2>



The State of Colorado hires an outside auditor to conduct the audit of PERA each year. Since 2015, CliftonLarsonAllen has done that work, examining PERA’s financial statements — including the Annual Comprehensive Financial Report — for the year ended Dec. 31, 2022, as well as PERA’s compliance and internal controls.



The auditors gave PERA’s annual report a clean audit with no significant issues or recommendations. In addition, the auditors found no outstanding recommendations from the <a href="https://peraontheissues.com/pera-receives-clean-audit-at-legislative-audit-committee-hearing/" target="_blank" rel="noreferrer noopener">previous year’s audit</a>.



The <a href="https://leg.colorado.gov/audits/colorado-public-employees-retirement-association-fiscal-year-ended-december-31-2022" target="_blank" rel="noreferrer noopener">audit report</a> is available on the Colorado General Assembly&#8217;s website. 



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
RELATED: <a href="https://peraontheissues.com/pera-board-releases-2022-annual-report/" target="_blank" rel="noreferrer noopener">PERA Board Releases 2022 Annual Report</a>
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PERA’s actuarial consultant, The Segal Group, also presented highlights from the annual Signal Light report, which is an analysis intended to help assess the plan’s funding progress and provide a format for communicating this information using a color-coding system similar to a traffic signal.



PERA will continue to meet with various legislative oversight committees throughout the summer and fall. Visit <a href="https://www.copera.org/pera-on-the-issues" target="_blank" rel="noreferrer noopener">PERA On the Issues</a> for more on what’s ahead at the Capitol.

A magnifying glass and calculator sit atop a pile of financial papers

PERA Receives Results of 2022 Financial Audit