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The City of Richmond maintains a Public Employer Retirement Trust Fund for its public safety employees. During the year ended June 30, 2020, the following
The City of Richmond maintains a Public Employer Retirement Trust Fund for its public safety employees. During the year ended June 30, 2020, the following transactions occurred 1 The City contributed $ 1.400.000 in cash to the plan Employee members contributed an additional $ 1.400,000 2. Annuity benefits in the amount of $260.000 were recorded as liabilities Annuly benefits previously recorded as aties were paid in cash in the amount of $195.000 Investment income received in cash amounted to 5117.000 In addition 518.000 in interest receivable was accrued at year-end Additional Investments in the amount of 52.100.000 were purchased The market value finement des by 510465 Required Prepare jumalaines for the above transactions on the books of the City of Richmond Public Safety Employee Retirement Trust Fund For the tool points The City of Richmond maintains a Public Employee Retirement Trust Fund for in puble safety employees. During the year anded June 10, 2020, o flowing transactions and 1. The City contributed 5 5 400.000 in cath to the plan. Employee members contributed an additional 1490,000 2. Annuity belts the amount of 200000 were recorded as a Annuity benefits previously recorded as labies were pold in sine amount of $195.000 4lovestment income received in cash mounted to 5117 000 Indo S18000 in interest recevable was accrued at ind 5 Additional Investments in the amount of 52.100 000 were purchased 5 The market value of nemenderased by $10.45 Requited Prepare formales for the above transactions on the books ohly Ridhood Puts Sty Employee Retro Trust Fund For the toolba pro ALT 10 POR ALT BIS Paragraph A Ops T X X3 11 R BE x G 2 0.)
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