Office of Finance & Treasury, District of Columbia – Retirement Plans Reporting

Challenge: 

DC’s Office of Finance & Treasury required monthly accounting and year-end financial reporting for public employee retirement plans. 

Solution: 

IBS served as the contractor responsible for: 

• Monthly ledger reconciliations and fund activity tracking 
• GASB 34 financial statement compilation 
• Interfacing with external auditors and actuarial teams 

Impact: 

• Timely and accurate reporting with strong audit outcomes 
• Greater fund transparency and operational continuity 
• Compliance with complex regulatory reporting requirements