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128

City of Raleigh

Financial Section

COMBINING STATEMENT OF CHANGES

IN PLAN NET POSITION

PENSION TRUST FUNDS

For the Fiscal Year Ended June 30, 2016

Other Post

Supplemental

Employment

Money Purchase

Benefits

Pension Plan

Trust

Total

ADDITIONS

Employer contributions

3,810,616

$

13,949,558

$

17,760,174

$

Retiree contributions

-

2,271,037

2,271,037

Interest

2,296,276

541,554

2,837,830

Net increase (decrease) in the fair

value of investments

(2,532,413)

(729,814)

(3,262,227)

Recovery of claims

-

81,991

81,991

Less: investment expense

(81,800)

-

(81,800)

Total additions

3,492,679

16,114,326

19,607,005

DEDUCTIONS

Benefits

2,686,571

16,856,010

19,542,581

Withdrawals and forfeitures

214,912

-

214,912

Professional services

-

19,425

19,425

Total deductions

2,901,483

16,875,435

19,776,918

Change in net position restricted for

employees' retirement and other

post-employment benefits

591,196

(761,109)

(169,913)

Net position, beginning of year

51,101,548

28,435,573

79,537,121

Net position, end of year

51,692,744

$

27,674,464

$

79,367,208

$

128