CalSTRS released its basic financial statements for the 2023–24 fiscal year at the November board meeting. The statements show the fund remains in sound fiscal health, capable of meeting its obligations to members and their beneficiaries.

CalSTRS staff noted that the statements, which guide decisions regarding the long-term viability of CalSTRS’ programs, found existing assets and projected future contributions to the fund from members, employers and the state sufficient to continuously provide the benefits promised to California’s public educators.

Staff shared their summary of CalSTRS’ performance for the fiscal year during the meeting, highlighting updates as of June 30, 2024.

The net position—or difference between assets and liabilities for all CalSTRS administered funds—was $343.5 billion, an increase of approximately $24.5 billion, or 7.7%, from the previous fiscal year. This is mainly due to positive investment returns of $26.4 billion.

Crafting the basic financial statements is part of a year-round process and organization-wide effort to ensure accurate data. This includes the evaluation of new guidance, changes in legislation, any new transactions and creation of financial reports, including the SCO required financial statements, Annual Comprehensive Financial Report and Popular Annual Financial Report.