We know that we’ve been coming up short in our commitment to get financial statements to you in a timely manner. Your patience has been much appreciated as we continue to work through our technology transition and prepare for a retirement and a new hire in our accounting department.
Effective immediately, financial statements will be posted to the fund portal website by the fourth Thursday of each month.
June financial statements will be available on July 27. This is a permanent change going forward and will allow our staff time to reconcile statements with the investment information from our bank. Our goal in making this change is to set a realistic expectation that we feel we can honor.
Many of you set your board meetings based upon the availability of financial statements. I’m sorry for any challenges this new process may create for you. Please feel free to contact me if you have any questions or concerns.
On a related note, representatives from Hirtle Callaghan, our new Outsourced Chief Investment Officer (OCIO), will be joining us for the Fund Partner Training event on October 23. This event will take place at Prairie’s Edge Casino in Granite Falls, and there will be an opportunity for you to ask questions related to how your funds are invested. Save the date and I hope to see you there!
