Here are some other relevant SBCERS fund reports that I will be using data from in future postings. These reports will expose fraudulent accounting practices here in Santa Barbara County. One must remember the crime does not stop with the illegal removal of these funds. If the removal of funds took place back in 2000 it is safe to say the performance of those funds over the last 11 years would have double it' 2011 value. http://magicinsantabarbara.wordpress.com/2011/06/15/590/ SBCERS 2000 Actuarial Valuation http://magicinsantabarbara.wordpress.com/2011/06/15/sbcers-2000-cafr/ SBCERS 2000 CAFR http://magicinsantabarbara.wordpress.com/2011/06/15/county-of-santa-barbara-1998- cafr-pdf-file/ 1998 Santa Barbara County CAFR pdf file http://magicinsantabarbara.wordpress.com/2011/06/15/county-of-santa-barbara-office-of-the-auditor-controller-county-retirement-cost-white-paper-by-robert-geis-c-p-a/ County of Santa Barbara Office of the Auditor Controller County Retirement (SBCERS) Cost “White Paper” by Robert Geis C.P.A.

Before the Santa Barbara Board of Supervisors is allowed to move forward with 2011 budget. I would like just one of them to explain the differences between each of the following SBCERS pension reports. As well the impact we will feel if any in 2011 from the revaluations that occurred after 2007.

How many different reports and valuations can we have for 2007 SBCERS Pension Fund (6)? If you go to the SBCERS web site you will  have access to all these reports.

If you are @ www.santabarbaracriminalcourtcorruption.blogspot.com

You can click on any picture and it will open up to its own window. If you click on the link below each picture it will open the pdf file for that report

 

http://magicinsantabarbara.files.wordpress.com/2011/06/2007-experience-study-review.pdf

 

 

 

 

 

http://magicinsantabarbara.files.wordpress.com/2011/06/2007experiencestudyrevised.pdf

http://magicinsantabarbara.files.wordpress.com/2011/06/2007valuationaddendum.pdf

http://magicinsantabarbara.files.wordpress.com/2011/06/2007finalvaluation1.pdf

 

http://magicinsantabarbara.files.wordpress.com/2011/06/2007-sbcers-cafr1.pdf

http://magicinsantabarbara.files.wordpress.com/2011/06/2007-actuarial-valuation.pdf

See how the County would include the Pension Investment values in there1998 County CAFR.

1998  CAFR for the COUNTY OF SANTA BARBARA, CALIFORNIA Exhibit F-4

COMBINING STATEMENT OF CHANGES IN NET ASSETS - PENSION AND INVESTMENT TRUST FUNDS

AS OF JUNE 30, 1998 (in thousands…….PENSION INVESTMENT….. TRUST FUND ……….TRUST FUND TOTAL

Additions:

Employer contributions……………………….. $.. 30,138…………………. -- ……………………….$ 30,138

Employees contributions…………………………... 5,725………………… --……………………………. 5,725

Contributions on pooled investments…………….. --………………….. $ 1,559,331……………... 1,559,331

Interest and investment income…………………. 171,844…………………. 15,096……………….. 186,940

Less: Investment expense …………………………(2,461)………………… --………………………… (2,461)

Total additions…………………………………... 205,246 ……………...1,574,427 ………………1,779,673

Deductions:

Benefit Payments ……………………………….29,827 ………………….--…………………………… 29,827

Member withdrawals…………………………….. ..880…………………. -- ……………………………….880

Distribution from pooled investments……………. --…………………. 1,578,125………………… 1,578,125

Administrative expenses…………………………. .410…………………… -- ……………………………..410

Total deductions………………………………. 31,117 ……………….1,578,125 …………………1,609,242

Net increase (decrease)………………………. 174,129………………….. (3,698)…………………… 170,431

Net assets held in trust, July 1, 1997…………. 888,876 ………………..243,550 ………………….1,132,426

Cumulative effect of the change in

accounting for investments……………………. -- ………………………….(656)……………………….. (656)

Net assets held in trust, June 30, 1998 …….$ 1,063,005……………. $ 239,196 …………………$ 1,302,201

See the accompanying independent auditors’ report.

Page101

http://magicinsantabarbara.wordpress.com/2011/06/15/county-of-santa-barbara-1998-  cafr-pdf-file/

1998 Santa Barbara County CAFR pdf file

 Here are some other relevant SBCERS fund reports that I will be using data from in future postings. These reports will expose fraudulent accounting practices here in Santa Barbara County. One must remember the crime does not stop with the illegal removal of these funds. If the removal of funds took place back in 2000 it is safe to say the performance of those funds over the last 11 years would have double it' 2011 value.

http://magicinsantabarbara.wordpress.com/2011/06/15/590/

SBCERS 2000 Actuarial Valuation

http://magicinsantabarbara.wordpress.com/2011/06/15/sbcers-2000-cafr/

SBCERS 2000 CAFR

  http://magicinsantabarbara.wordpress.com/2011/06/15/county-of-santa-barbara-1998-  cafr-pdf-file/

1998 Santa Barbara County CAFR pdf file

http://magicinsantabarbara.wordpress.com/2011/06/15/county-of-santa-barbara-office-of-the-auditor-controller-county-retirement-cost-white-paper-by-robert-geis-c-p-a/

County of Santa Barbara Office of the Auditor Controller County Retirement (SBCERS) Cost “White Paper” by Robert Geis C.P.A.