TRS 2011 Comprehensive Annual Financial Report

TEACHER RETIREMENT SYSTEM OF TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT 2011
Notes to the Financial Statements
NOTE 1 - Summary of Significant Accounting Policies....................................................40
NOTE 2 - Capital Assets.................................................................................................43
NOTE 3 - Deposits and Investments...............................................................................44
NOTE 4 - Employee Compensable Leave........................................................................56
NOTE 5 - Operating Leases............................................................................................56
NOTE 6 - Fringe Benefits Paid by the State of Texas and the Federal Government..........56
NOTE 7 - Deferred Compensation..................................................................................57
NOTE 8 - Contingent Liabilities.......................................................................................57
NOTE 9 - Continuance Subject to Review......................................................................57
NOTE 10 - Post-employment Health Care Benefits...........................................................57
NOTE 11 - Risk Management...........................................................................................60
NOTE 12 - Pension Disclosure..........................................................................................60
NOTE 13 - Subsequent Events.........................................................................................63
FINANCIAL SECTION
39