Colorado PERA once again received a clean audit at its annual hearing with the Legislative Audit Committee.
Results of outside audit
Every year, the State hires an independent auditor to examine PERA’s financial reports, compliance, and internal controls. Since 2015, the State has enlisted CliftonLarsonAllen, a nationally recognized financial services firm, to conduct that work. CliftonLarsonAllen presented the results of this year’s audit at the Legislative Audit Committee’s Aug. 5 meeting.
As in years past, the audit did not find any issues with PERA’s recently released 2023 Annual Comprehensive Financial Report and did not find any deficiencies or weaknesses in PERA’s internal controls.
RELATED: PERA Board Releases 2023 Annual Report
Additional interim committee activity
In addition to the Legislative Audit Committee, PERA staff and consultants meet with other legislative panels throughout the summer, including the Pension Review Subcommittee and Pension Review Commission. The Pension Review Subcommittee is tasked with making recommendations to the PERA Board and the Pension Review Commission. The Commission may then draft legislation that lawmakers may introduce in the next legislative session in January.
We’ll be monitoring the ongoing legislative activity at the State Capitol throughout the interim period and will post updates here on PERA On The Issues when we have them.