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NYS Comptroller

THOMAS P. DiNAPOLI

Local Government and School Accountability

Previous Accounting Releases (Advisories and Bulletins)

Examples from GASB Statement 34

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 Changes in Fiduciary Net Assets
Fiduciary Funds
For the Year Ended December 31, 2002

Employee
Retirement Plan
Private-Purpose
Trusts
ADDITIONS:
ContrIbutions:    
     Employer $       2,721,341  
     Plan members          1,421,233
          Total contributions          4,142,574
Investments earnings:    
     Net (decrease)  In fair value of investments (272,522)  
      Interest 2,460,871 $       4,560
      Dividends          1,445,273  
          Total investment earnings 3,633,622 4,560
       Less investment expense             216,428                    
          Net investment earnings          3,417,194            4,560
          Total additIons          7,559,768            4,560
DEDUCTIONS:    
Benefits 2,453,047   3,800
Refunds of contributions 464,691
Administrative expenses             87,532                  678
     Total deductions         3,005,270          4,478
Change in net assets 4,554,498   82
Net assets - beginning of the year       61,241,605       80,694
Net assets - end of the year $    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.