870173 TMRS CAFR new8 fix 049-081.qxd - Texas Municipal ...

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Population: 3,028 GRAND SALINE The home of one of the largest salt mines in the U.S. is situated 74 miles east of Dallas. Grand Saline, on U.S. Highway 80 in northeastern Van Zandt County, has a colorful history of railroads, cotton, oil, lumber, clothing manufacturing, truck crops, and meat packing. The small salt works established in 1845 became Morton Salt in 1920 and employed 950 workers by 1945. The Salt Palace, built in 1993, is the fourth salt structure since the original salt palace and is the only building in North America made of salt. Today Grand Saline is reclaiming its historical downtown; it was named a 2004 Texas Main Street City and a 2005 National Main Street City. Top left: street scene in the 1930s with Morton Salt Company in the background; top right: residents gather for a visit by First Lady Laura Bush; middle left: girls parade past the corner grocery, circa 1950; middle right: the Salt Palace museum; bottom: Morton Salt factory in 2005. 24
GREENVILLE FINANCIAL SECTION Population: 23,960 Named for Thomas J. Green, a general in the Texas war for independence from Mexico, Greenville started out as an ox-trail settlement that became the seat of Hunt County in 1846. In the 1940s, Greenville was known for its banks, cotton gins, sheet metal factory, the largest cottonseed oil mill in the South, machine shops, Carnegie Foundation public library, and federally funded airfield called Majors Field. Greenville was the boyhood home of Audie Murphy, the most highly decorated soldier of World War II. The city now boasts such industries as electrical hardware, space electronics, agricultural chemicals, aircraft, machinery, and clothing. Top left: the Robin Hood flour elevators and plant; top right: an exhibit inside the Audie Murphy / American Cotton Museum; middle left: the Central Christian Church, built in 1899, looks exactly the same today; middle right: the post office; bottom: the Municipal Auditorium as it looked in the 1940s. 25
Page 1 and 2: ★ Texas Municipal Retirement Syst
Page 3 and 4: TMRS® TEXAS MUNICIPAL RETIREMENT S
Page 5 and 6: TABLE OF CONTENTS ACTUARIAL SECTION
Page 7 and 8: DENISON Population: 22,773 INTRODUC
Page 9 and 10: LETTER OF TRANSMITTAL T M R S COMPR
Page 11 and 12: LETTER OF TRANSMITTAL CONTINUED T M
Page 13 and 14: LETTER OF TRANSMITTAL CONTINUED T M
Page 15 and 16: TMRS HIGHLIGHTS 2001 2002 2003 2004
Page 17 and 18: TMRS PROFESSIONAL ADVISORS LEGAL CO
Page 19 and 20: TMRS STAFF CONTINUED MEMBER SERVICE
Page 21 and 22: TMRS ADMINISTRATIVE ORGANIZATION T
Page 23 and 24: SUMMARY OF PLAN PROVISIONS CONTINUE
Page 25: SUMMARY OF PLAN PROVISIONS CONTINUE
Page 29 and 30: INDEPENDENT AUDITORS’ REPORT CONT
Page 31 and 32: MANAGEMENT'S DISCUSSION AND ANALYSI
Page 33 and 34: STATEMENTS OF PLAN NET ASSETS FIDUC
Page 35 and 36: STATEMENTS OF NET ASSETS PROPRIETAR
Page 37 and 38: STATEMENTS OF CASH FLOWS PROPRIETAR
Page 39 and 40: NOTES TO FINANCIAL STATEMENTS CONTI
Page 47 and 48: SUPPLEMENTAL SCHEDULES SCHEDULE OF
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Additions Deductions Transfers to S
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A small city 18 miles east of Waco
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REPORT ON INVESTMENT ACTIVITY CONTI
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SUMMARY OF INVESTMENTS AS OF DECEMB
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2004 INVESTMENT RESULTS CONTINUED T
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LARGEST HOLDINGS (BY FAIR VALUE) AS
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TEXARKANA Population: 34,782 A Pine
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SUMMARY OF ACTUARIAL ASSUMPTIONS I.
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SUMMARY OF ACTUARIAL ASSUMPTIONS CO
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SUMMARY OF ACTUARIAL LIABILITIES AN
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CONTRIBUTION RATE INFORMATION CONTI
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ACTUARIAL VALUATION OF PARTICIPATIN
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WEIMAR Population: 1,981 STATISTICA
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SCHEDULE OF BENEFIT EXPENSES BY TYP
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SCHEDULE OF RETIRED MEMBERS BY TYPE
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PLAN PROVISIONS FOR PARTICIPATING M
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Vesting Requirement PLAN PROVISIONS
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