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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:
- 1,043,100
- 1,517,600
- 1,000,900
- 1,009,000
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