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A local government reports the following information about its funds for year 2: Pension Trust Investment Trust Permanent Benefits Paid 600,000 60000 95000 Expenses 22000

A local government reports the following information about its funds for year 2:

Pension Trust Investment Trust Permanent
Benefits Paid 600,000 60000 95000
Expenses 22000 7500 12100
Contributions 1110000 10000 74700
Appreciation 68000 2400 4300
Interest 415000 45000 67900
Dividends 38000 2000 3200
Net position- 1/1/Year 2 3050000 60300 1050000

The total change in net position of the government's fiduciary funds was:

  1. 1,043,100
  2. 1,517,600
  3. 1,000,900
  4. 1,009,000

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