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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


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    e-mail address: oppaga@oppaga.fl.gov


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