Page 185 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

City of Winston-Salem, North Carolina
Combining Statement of Changes in Fiduciary Net Position

Fiduciary Funds
For the Fiscal Year Ended June 30, 2018 Exhibit 53

Separation Post-employment
Pension Allowance Benefits
Trust Fund Trust Fund Trust Fund Totals
Additions
Contributions
Employer $ 4,034,558 $ 1,402,746 $ 4,192,751 $ 9,630,055
Plan members 1,571,265 - 1,945,017 3,516,282
Total contributions 5,605,823 1,402,746 6,137,768 13,146,337
Investment income (loss)
Net appreciation in fair value 12,957,795 757,250 5,016,928 18,731,973
Interest and dividends 2,955,161 185,615 1,291,704 4,432,480
Total investment income (loss) 15,912,956 942,865 6,308,632 23,164,453
Less investment expense 627,134 37,543 260,358 925,035
Net investment income (loss) 15,285,822 905,322 6,048,274 22,239,418

Total additions 20,891,645 2,308,068 12,186,042 35,385,755
Deductions
Benefits 10,772,641 1,854,762 7,897,384 20,524,787
Refund of contributions 164,393 - - 164,393
Administrative expense 104,951 6,884 128,708 240,543
Total deductions 11,041,985 1,861,646 8,026,092 20,929,723
Net increase (decrease) in net position 9,849,660 446,422 4,159,950 14,456,032

Net position - beginning 149,251,738 9,807,894 64,086,343 223,145,975
Net position - ending $ 159,101,398 $ 10,254,316 $ 68,246,293 $ 237,602,007

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