Page 73 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

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

For the Fiscal Year Ended June 30, 2018 Exhibit 10

Bene ts
Trust Fund
Additions
Contributions
Employer $ 9,630,055
Plan members 3,516,282
Total contributions 13,146,337
Investment income
Net appreciation in fair value 18,731,973
Interest and dividends 4,432,480
Total investment income 23,164,453
Less investment expense 925,035
Net investment income 22,239,418
Total additions 35,385,755

Deductions
Bene ts 20,524,787
Refund of contributions 164,393
Administrative expense 240,543
Total deductions 20,929,723
Net increase in net position 14,456,032
Net position – beginning 223,145,975
Net position, ending $ 237,602,007

The accompanying notes are an integral part of the nancial statements.

W I N S T O N S AL E M , N O R T H C AR O L I N A 67