MSRS won two awards for our financial reports:

  • The Certificate of Achievement for Excellence in Financial Reporting
  • The Award for Outstanding Achievement in Popular Annual Financial Reporting

The Government Finance Officers Association (GFOA) of the United States and Canada recognizes public retirement systems that meet its rigorous reporting standards with these annual awards. 

Annual Comprehensive Financial Report (ACFR)

MSRS is honored to receive the Certificate of Achievement for Excellence in Financial Reporting for our 2025 Annual Comprehensive Financial Report (fiscal year ending June 30, 2025).

The report was judged by an impartial panel to meet the high standards of the program, which includes:

  • Demonstrating a constructive "spirit of full disclosure" 
  • Communicating its financial story 
  • Motivating potential users and user groups to read the report

The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and it represents a significant accomplishment by a government and its management.

GFOA Certificate for 2025 MSRS ACFR

Popular Annual Financial Report (PAFR)

Our 2025 Popular Annual Financial Report was also recognized by the GFOA with the award for Outstanding Achievement in Popular Annual Financial Reporting. 

The award represents a significant achievement. To be eligible for the award, a government must also receive the Certificate of Achievement for Excellence in Financial Reporting for the current fiscal year.

Each eligible report is reviewed by judges who evaluate the report based on the following categories: 

  • Reader appeal
  • Understandability
  • Distribution methods
  • Creativity and other elements

GFOA Certificate for 2025 MSRS PAFR

About the GFOA

The GFOA was founded in 1906 and represents public finance officials throughout the United States and Canada. The GFOA advances excellence in government finance by providing best practices, professional development, resources, and practical research for the members and the communities they serve.

Learn more about the GFOA at gfoa.org.