Comprehensive Annual Financial Report - Fiscal Year ended 6/30/2017

COMBINING STATEMENT OF CHANGES IN PLAN NET POSITION PENSION TRUST FUNDS For the Fiscal Year Ended June 30, 2017 Other Post Supplemental Employment Money Purchase Benefits Pension Plan Trust Total ADDITIONS Employer contributions 4,155,184 $ 14,084,837 $ 18,240,021 $ Retiree contributions - 2,730,861 2,730,861 Interest 1,726,962 855,208 2,582,170 Net increase (decrease) in the fair value of investments 5,046,925 2,610,176 7,657,101 Recovery of claims - 117,711 117,711 Total additions 10,929,071 20,398,793 31,327,864 OTHER FINANCING SOURCES (USES) Transfers in - 350,000 350,000 Total other financing sources (uses) - 350,000 350,000 DEDUCTIONS Benefits 3,299,180 16,585,924 19,885,104 Withdrawals and forfeitures 176,305 - 176,305 Investment expense 91,355 - 91,355 Professional services - 36,252 36,252 Total deductions 3,566,840 16,622,176 20,189,016 Change in net position restricted for employees' retirement and other post-employment benefits 7,362,231 4,126,617 11,488,848 Net position, beginning of year 51,692,744 27,674,464 79,367,208 Net position, end of year 59,054,975 $ 31,801,081 $ 90,856,056 $ City of Raleigh _____________________________________________________________ Financial Section ____________________________________________________________ __________________________________________________________ 157 __________________________________________________________

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