Examples from GASB Statement 34 included in this bulletin, copyright by the Governmental Accounting Standards Board, 401 Merritt 7, Norwalk, CT 06856 are reprinted by permission.
Sample City Statement of Fiduciary Net Assets Fiduciary Funds December 31, 2002
|Employee Retirement Plan||Private-Purpose Trusts||Agency Funds|
|Cash and cash equivalents||$ 1,973||$ 1,250||$ 44,889|
|Interest and dividends||508,475||760|
|Investments at fair value:|
|U.S. government obligations||13,056,037||80,000|
|Total assets||65,797,461||82,010||$ 228,050|
|Refunds payable and others||1,358||$ 228,050|
|Total liabilities||1,358||1,234||$ 228,050|
|Held in trust for pension benefits and other purposes||$65,796,103||$ 80,776|
Statements of individual pension plans and external investment pools are required to be presented in the notes to the financial statements if separate GAAP statements for those individual plans or pools are not available.