What is the required supplementary information for Pension Funds?

Required supplementary information for pension funds is primarily represented through schedules. These schedules typically provide essential additional details not included in the standard financial statements, which assist users in understanding the pension funds’ financial condition and operational results.

For pension funds, the Governmental Accounting Standards Board (GASB) has specific requirements that help ensure transparency and accountability. This includes information on the funded status of the pension plans, employer contributions, and actuarial assumptions used to calculate pension liabilities. The scheduling of this information helps in illustrating trends over time and allows stakeholders to assess the pension plan's long-term viability.

The other options are related to pension funds but do not capture the comprehensive approach mandated by GASB guidelines for required supplementary information. Investment returns can be important but do not encompass the full narrative provided by schedules. Annual cash flow provides valuable insights into liquidity but lacks the detail related to liabilities and funding status needed for a complete picture. Detailed asset accounting, while crucial to financial statement preparation, does not serve the same purpose in providing a summary view and trend analysis as the required schedules do.