508 C12-2 (Fiduciary Fund Financial Statement Preparation-City of Wilmington, Delaware) The City of Wilmington, Delaware, has an Other Postemployment Benefit Trust Fund and a Tax Collection Agency Fund. The Preclosing Trial Balance for each of these funds as of June 30, 20X6, is as follows: City of Wilmington, Delaware Other Postemployment Benefit Trust Fund Preclosing Trial Balance June 30, 20X6 Cash and cash equivalents Interest receivable Investments Employer contributions Employee contributions Interest income Increase in fair market value of investments Benefits paid Administrative expenses Net position-restricted for benefits Totals Dr. Cr. $405,476 50,807 2,767,043 362,325 18,957 $ 505,189 167,721 37,787 33,179 2,860,732 $3,604,608 $3,604,608 City of Wilmington, Delaware Tax Collection Agency Fund Preclosing Trial Balance June 30, 20X6 Dr. Cr. Cash and cash equivalents $282,630 Due from other governments 211,613 Due to other governments Due to other funds Totals $ 294,967 199,276 $ 494,243 $ 494,243 Required Prepare a Statement of Fiduciary Net Position for the city of Wilmington as of June 30, 20X6, and a Statement of Changes in Fiduciary Net Position for the year ended June 30, 20X6. (Based on a recent comprehensive annual financial report for the City of Wilmington, Delaware.)