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Examples from GASB Statement 34 - Statement of 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 Fiduciary Net Assets Fiduciary Funds December 31, 2002
  Employee Retirement Plan Private-Purpose Trusts Agency Funds
ASSETS:      
Cash and cash equivalents $        1,973 $       1,250 $      44,889
Receivables:      
     Interest and dividends 508,475 760  
     Other receivables         6,826                      183,161
          Total receivables      515,301           760      183,161
Investments at fair value:      
     U.S. government obligations 13,056,037 80,000  
     Municipal bonds 6,528,019    
     Corporate bonds 16,320,047    
     Corporate stocks 26,112,075    
     Other investments    3,264,009                                 
          Total investments  65,280,187      80,000                 
          Total assets  65,797,461      82,010 $     228,050
       
LIABILITIES:      
Accounts payable      1,234  
Refunds payable and others         1,358                     $    228,050
     Total liabilities         1,358       1,234 $    228,050
       
NET ASSETS:      
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.