Pension Trust Fund - Financial Statements
The preclosing trial balance for the Pension Trust Fund of Almen County at December 31, 20X8, is presented here.
Prepare the Statement of Plan Net Position at December 31, 20X8, and the Statement of Changes in Plan Net Position for 20X8 for this Pension Trust Fund.
	Debit	Credit
Cash	$ 273,000
Due from General Fund	45,500
Interest Receivable	28,000
Investments (at fair value)	3,878,000
Deductions - Net Increase (Decrease) in Fair Value of Investments	70,000
Deductions - Payments to Resigned Employees	87,500
Deductions - Annuity Benefits	84,000
Due to Resigned Employees		21,000
Annuity Benefits Payable		13,300
Net Position - Restricted for Pension Benefits		3,661,700
Additions - Employer Contributions		$ 437,500
Additions - Employee Contributions		175,000
Additions - Investment Income		157,500
	$ 4,466,000	$ 4,466,000