FINANCIAL REPORT

2017 ANNUAL FINANCIAL REPORT

ANNUAL

FINANCIAL

REPORT

2017

CONTENTS

6-7 Message from the President 8-9 Independent State Auditor's Report 10-21 Management's Discussion and Analysis 22-41 Basic Financial Statements 24 Statement of Net Position 25 Statement of Revenues, Expenses,

and Changes in Net Position

26-27 Statement of Cash Flows 28-45 Notes to Financial Statements 45-46 Required Supplementary Information

45 Schedule of Proportionate Share

of the Net Pension Liability

46 Schedule of Defined Benefit

Pension Contributions

47 Governing Boards and Officers

MESSAGE

FROM THE

PRESIDENT

6

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