cover image: Accounting Policy Manual - Table of Contents

20.500.12592/4bt0fj

Accounting Policy Manual - Table of Contents

16 Jul 2021

In the event that the information on a check presented for payment does not agree to the list of checks issued, the bank notifies the RF, with the option to accept or reject the check for payment. [...] The structure of the funds, and the risk profile and investment results for all of these investments, are reviewed with the Investment Subcommittee of the Audit and Finance Committee of the RF Board of Directors. [...] Pension Plans The RF is the Plan Sponsor to the Retirement and Optional Retirement plans and has the fiduciary duty of timely submitting the retirement plan contributions for each participant to the custodian. [...] TIAA-CREF, the custodian of the plans, annually certify to the completeness and accuracy of the investments reflected in the statements of assets available for benefits and the related investment activity reflected in the changes in assets available for benefits. [...] The VEBA is treated as a separate entity for financial statement purposes, however because assets held in the VEBA are offset against the total benefit obligation on the RF’s financial statements, the value of the assets, as well as the investment policy and the returns on those assets, are disclosed in the RF audited financial statement footnotes.

Authors

Seim, Gaby

Pages
71
Published in
United States of America

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