Page 110 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

The following are nancial statements for the Winston-Salem Police O cers’ Retirement System and the Winston-Salem
Police O cers’ Separation Allowance Funds included in Exhibits 9 and 10 at June 30, 2018.

Statement of Fiduciary Net Position
June 30, 2018
Winston-Salem Police O cers’
Retirement Separation
System Allowance
Assets
Cash and cash equivalents/investments $ 3,483,539 $ 368,709
Investments, at fair value
Common stock 141,286,890 8,301,214
United States government treasuries 3,851,391 425,799
United States government agencies 1,041,339 115,128
Corporate bonds 9,155,236 1,012,178
Commercial mortgage backed securities 283,003 31,288
Total assets 159,101,398 10,254,316
Net postion
Restricted for pensions $ 159,101,398 $ 10,254,316

Statement of Changes in Fiduciary Net Position
For the Fiscal Year Ended June 30, 2018

Winston-Salem Police O cers’
Retirement Separation
System Allowance
Additions
Contributions
Employer $ 4,034,558 $ 1,402,746
Plan members 1,571,265 -
Total contributions 5,605,823 1,402,746
Investment income
Net appreciation in fair value 12,957,795 757,250
Interest and dividends 2,955,161 185,615
Total investment income 15,912,956 942,865
Less investment expense 627,134 37,543
Net investment income 15,285,822 905,322
Total additions 20,891,645 2,308,068
Deductions
Bene ts 10,772,641 1,854,762
Refund of contributions 164,393 -
Administrative expense 104,951 6,884
Total deductions 11,041,985 1,861,646
Net increase in net position 9,849,660 446,422
Net position - beginning 149,251,738 9,807,894
Net position - ending $ 159,101,398 $ 10,254,316

104 2018 AN NUAL R E P O R T