Rhode Island General Laws Title 36. Public Officers and Employees § 36-12.1-12. Annual report and statement

The OPEB Board shall submit to the governor for transmittal to the general assembly, on or before the first day of October in each year beginning in 2011, an annual report showing the financial transactions of the system for the fiscal year of the state next preceding said date. The report shall contain, among other things, a statement of plan net assets, a statement of changes in plan net assets, a valuation balance sheet as prepared by the actuary on a schedule in accordance with generally accepted accounting principles, and other statistical data as are deemed necessary for a proper interpretation of the condition of the system and the results of its operations. The report shall also embody such other data as may be of use in the advancement of knowledge concerning state employee OPEB and any recommendations of the board for changes in the laws pertaining to the system. The OPEB Board shall cause to be published for distribution among the members of the system a financial statement summarizing the results of operations for the fiscal year. All financial statements issued by the OPEB Board shall conform to the requirements of GAAP.