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Examples from GASB Statement 34 - Statement of Changes in Fiduciary Net Assets

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.