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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 $60,000 $ 95,000
A local government reports the following information about its funds for Year 2:
Pension Trust | Investment Trust | Permanent | ||||
| | | ||||
Benefits paid | $ 600,000 | $60,000 | $ 95,000 | |||
Expenses | 22,000 | 7,500 | 12,100 | |||
Contributions | 1,110,000 | 10,000 | 74,700 | |||
Appreciation | 68,000 | 2,400 | 4,300 | |||
Interest | 415,000 | 45,000 | 67,900 | |||
Dividends | 38,000 | 2,000 | 3,200 | |||
Net position 1/1/Year 2 | 3,050,000 | 60,300 | 105,000 |
The total change in net position of the governments fiduciary funds was
A. $1,000,900
B. $1,517,600
C. $1,043,100
D. $1,009,000
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