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Office of Program Policy Analysis and Government Accountability

Performance Audit of 1992-93 Investment Report of the State Board of Administration , Report No. 94-01, August 1994

  • Although the SBA generally reported accurate information in the 1992-93 Investment Report, it under-reported the market values of the Institute of Food and Agricultural Services Supplemental Retirement Fund and the Lottery Fund by a total of approximately $352 million.
  • The SBA achieved its investment objective for the Florida Retirement System Trust Fund. The SBA's rate of return over the last 20 years has averaged 9.3% compared to its investment objective of 8%. However, this information

    Copies of this report in print or alternate accessible format may be obtained by telephone (850/488-0021), by FAX (850/487-9213), in person, or by mail (OPPAGA Report Production, Claude Pepper Building, Room 312, 111 W. Madison St., Tallahassee, FL 32399-1475).
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