Public Employees' Retirement Board A Component Unit of the State of Montana Schedule of lnvestment Expenses Year Ended June 30, 2007 Plan PERS-DBRP JRS HPORS SRS GWPORS MPORS FURS VFCA Total lnvestment Expense lnvestment Manager Board of lnvestments Board of lnvestments Board of lnvestments Board of lnvestments Board of lnvestments Board of lnvestments Board of lnvestments Board of lnvestments PlMCO State Street Bank Fees This is trial version www.adultpdf.com Public Employees' Retirement Board A Component Unit of the State of Montana Schedule of Consultants Year Ended June 30,2007 Individual or Firm Nature of Service Amount Paid AMDEC Software Computer Programming Services $ 330,953 Milliman Goetz, Gallik, Baldwin & Dolan Ice Miller Legislative Audit Division, Legislative Branch Actuarial Consultant Legal Services Tax Consultant Independent Auditors Arnerich Massena & Associates, Inc. Mutual Funds Performance Review Lawrence R. McEvoy, MD Legal Services Division, Department of Justice Professional Development Center, Department of Administration Medical Consultant Legal Services Retirement Planning Seminars This is trial version www.adultpdf.com Public Employees' Retirement Board A Component Unit of the State of Montana Detail of Fiduciary Net Assets (PERS-DBRP and PERS-DBEd) as of June 30,2007 Accounts Receivable 1,164,152 Montana International Pool (MTIP) 818,362,199 Montana Private Equity Pool (MPEP) 31 5,058,722 Montana Real Estate Pool (MTRP) 79,459,123 Real Estate Investments net of Accumulated Depreciation Intangible Assets, at cost, Due to Other Funds This is trial version www.adultpdf.com Public Employees' Retirement Board A Component Unit of the State of Montana Detail of Changes in Fiduciary Net Assets (PERS-DBRP and PERS-DBEd) for the Fiscal Year Ended June 30,2007 This is trial version www.adultpdf.com Public Employees' Retirement Board A Component Unit of the State of Montana Detail of Fiduciary Net Assets (PERS-DCRP, PERS-DCEd and PERS-DC Disability) as of June 30,2007 PERS-DC Assets Cash and Short-term Investments $ 704,961 $ 87,255 $ 662,184 Receivables Interest 2,781 376 2,873 Accounts Receivables 12 Investments, at fair value Defined Contributions Fixed Investments Accounts Payable Due to Other Funds Due to Primary Government Public Employees' Retirement Board A Component Unit of the State of Montana Detail of Changes in Fiduciary Net Assets (PERS-DCRP, PERS-DCEd and PERS-DC Disability) for the Fiscal Year Ended June 30. 2007 PERS-DC Additions Contributions Employer PERS-DCRP $ 2,640,667 $ 31,127 $ 185.180 plan Member 4,394,129 Miscellaneous Revenue 1.578.109 Forfe~ture of Nonvested Member 315 084 % b Total Contr~but~ons 8 927 983 Investment Income Net Apprec~at~on (Deprec~at~on) ~n Fa~r Value of Investments 3 828,040 Interest Net Investment rr*ay, \? 2 Adm~n~strat~ve Expenses 244,270 8,939 -?&&3&yNG) Net Assets Held in Trust for Pension Benefits Beginning of Year 30,l 10,401 Total Deductions 3,158,332 8,939 2 8,1@7,272 Net Increase (Decrease) 11,151,103 25,987 214,554 55,808 454,059 Prior Period Adjustment (23,467) * - , I23,467) End of Year $ 41,238,037 $ 81,795 $ 668,613 $ &$,M8,445 This is trial version www.adultpdf.com December 19,2007 Scott Seacat, Legislative Auditor Legislative Audit Division State Capitol, Room 160 Helena, MT 59650 Dear Mr. Seacat: RECEIVED DEC 1 9 2007 LEGISLATLVE AUDIT DIV. MPERA has reviewed the financial audit report for fiscal year 2007. We understand there are no comments or recommendations. We are pleased with the findings of the report and will work hard to continue to provide the highest quality service possible to our members. I would like to extend our appreciation to you and your staff for the courtesy and consideration that they extended to MPERA during the audit. Once again, thank you for the opportunity to work with your staff. Sincerely, n lbxanne Minnehan Executive Director "AN EQUAL OPPORTUNINEMPLOYER" PUBLIC EMPLOYEE RETIREMENT ADMINISTRATION B-1 BRIAN SCHWEITZER 100 N. PARK, SUITE 200 PO BOX 200131 HELENA, MT 59620-0131 This is trial version www.adultpdf.com . lnvestment Manager Board of lnvestments Board of lnvestments Board of lnvestments Board of lnvestments Board of lnvestments Board of lnvestments Board of lnvestments Board of lnvestments. Administration Medical Consultant Legal Services Retirement Planning Seminars This is trial version www.adultpdf.com Public Employees' Retirement Board A Component Unit of the State of Montana. lnvestments PlMCO State Street Bank Fees This is trial version www.adultpdf.com Public Employees' Retirement Board A Component Unit of the State of Montana Schedule of Consultants Year