0001145549-18-006975.txt : 20181012 0001145549-18-006975.hdr.sgml : 20181012 20181012111436 ACCESSION NUMBER: 0001145549-18-006975 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180731 FILED AS OF DATE: 20181012 EFFECTIVENESS DATE: 20181012 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GREEN CENTURY FUNDS CENTRAL INDEX KEY: 0000877232 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-06351 FILM NUMBER: 181119574 BUSINESS ADDRESS: STREET 1: 114 STATE STREET STREET 2: SUITE 200 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-482-0800 MAIL ADDRESS: STREET 1: C/O UMB FUND SERVICES STREET 2: 803 WEST MICHIGAN STREET SUITE A CITY: MILWAUKEE STATE: WI ZIP: 53233 0000877232 S000007714 GREEN CENTURY BALANCED FUND 0000877232 S000007715 GREEN CENTURY EQUITY FUND 0000877232 S000055094 Green Century MSCI International Index Fund N-CEN 1 primary_doc.xml X0101 N-CEN LIVE 0000877232 XXXXXXXX true false false N-1A S000055094 true S000007714 true S000007715 true GREEN CENTURY FUNDS 811-06351 0000877232 5493002BQCBLYN8LZD95 114 STATE STREET, SUITE 200 BOSTON 02109 US-MA US 6174820800 Green Century Capital Management, Inc. 114 State Street Suite 200 Boston 02109 6174820800 Investment Adviser and Administrator Fileline Access 1 Cornell Place Wilmington 01887 6174820800 Third party records storage provider UMB Bank, n.a. 928 Grand Blvd Kansas City 64106 4142992000 Custodian UMB Fund Services, Inc. 235 West Galena Street Milwaukee 53212 4142992000 Sub-administrator UMB Distribution Services, LLC 235 West Galena Street Milwaukee 53212 4142992000 Distributor Atlantic Shareholder Services, LLC Three Canal Plaza Portland 04101 2073472000 Transfer agent Y N N-1A 3 Y Jonathan Darnell N/A N Daniel S. 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Report of Independent Registered Public Accounting Firm

To the Shareholders and Board of Trustees

Green Century Funds:

In planning and performing our audits of the financial statements of Green Century Balanced Fund, Green Century Equity Fund, and Green Century MSCI International Index Fund (collectively the “Funds”), as of and for the year ended July 31, 2018, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Funds’ internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion.

Management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the fund’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of a fund’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds’ internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Funds’ internal control over financial reporting and its operations, including controls over safeguarding securities that we consider to be a material weakness as defined above as of July 31, 2018.

This report is intended solely for the information and use of management and the Board of Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

 

/s/ KPMG LLP

Boston, Massachusetts

September 26, 2018