Financial Strength

Expert Financial Management

The Pool protects its strength through expert management of finances. The Pool’s financial statements are publicly available and annually audited. On December 15, 2023, auditor Arminino, LLP issued its Independent Auditors' Report and opined that the Pool’s financial statements presented fairly, in all material respects, the respective financial positions, result of operations and cash flows of each major fund of the Pool as of September 30, 2023, in accordance with accounting principles generally accepted in the United States of America. 

The Pool’s Budget and Annual Report are publicly available and contain the Pool’s financial statements, the auditor’s letter, reinsurance information, and more.

The Risk Pool maintains an investment portfolio that bolsters our financial strength. The performance of these investments is managed by the Pool’s financial officers and is monitored by its Board of Trustees. The investment policy includes investment objectives, a list of authorized investments, policy guidelines, and portfolio evaluation and reporting standards. The Pool adheres to the Texas Public Funds Investment Act for most of its investments and the Texas Labor Code for longer-term workers’ compensation obligations. The Pool’s investments have been strong during some of the most volatile times in history, including economic recessions, geopolitical crises, natural catastrophes, pandemics, and many other unstable events.