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

STATEMENT OF CHANGES IN FIDUCIARY NET POSITION FIDUCIARY FUNDS For the Fiscal Year Ended June 30, 2017 Pension Trust Funds ADDITIONS Employer contributions $ 18,240,021 Retiree contributions 2,730,861 Interest 2,582,170 Net increase (decrease) in the fair value of investments 7,657,101 Recovery of claims 117,711 Total additions 31,327,864 OTHER FINANCING SOURCES (USES) Transfers in 350,000 Total other financing sources (uses) 350,000 DEDUCTIONS Benefits 19,885,104 Withdrawals and forfeitures 176,305 Investment expense 91,355 Professional services 36,252 Total deductions 20,189,016 Change in net position restricted for: Employees' retirement and other post-employment benefits 11,488,848 Net position, beginning of year 79,367,208 Net position, end of year 90,856,056 $ The notes to the financial statements are an integral part of this statement. City of Raleigh _____________________________________________________________ Financial Section ____________________________________________________________ __________________________________________________________ 19 __________________________________________________________

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