The ACFR consists of five sections: the Introductory Section, the Financial Section, the Investment Section, the Actuarial Section, and the Statistical Section. NYCERS has received the Government Finance Officers Association award for achievement in excellent financial reporting every year since 1986.
GASB Statement No. 98, The Annual Comprehensive Financial Report, establishes the term “annual comprehensive financial report” and its acronym ACFR. The new term replaces “comprehensive annual financial report” and its acronym in generally accepted accounting principles for state and local governments.