City of Monroe
Community Foundation Trust Fund
COMMUNITY FOUNDATION TRUST FUND
ACCRUED
reference
Account Titles Debits Credits CASH INTEREST RECEIVABLE
bb 49,500 bb 7,500
7-C-1
1Cash 22,500 122,500 200,000 27,500 1
Accrued Interest Receivable 7,500 2206,026 203,500 5 7 7,500
Additions-Investment Earnings-Interest 15,000 322,500 50,000 6
44,000
5203,500
2
Cash 206,026
Additions-Contributions-Individuals & Foundations 206,026 54,526 7,500
Investment in RST Corporation Stock 200,000
Cash 200,000 INVESTMENT IN INVESTMENT IN INVESTMENT IN
CORPORATE BONDS RST STOCK UVW STOCK
Additions-Investment Earnings-Interest 22,500 82,100 2200,000
200,000 5 5 203,500
4
Cash 4,000 4,500 8
Cash 203,500
Investment in RST Corporation Stock 200,000 (beginning) CONTRIBUTIONS EARNINGS – INTEREST
Cash 203,500 7,500 7
Additions-Investment Earnings-Interest 7,500 EARNINGS – DIVIDENDS EARNINGS – ∆ FMV DISTRIBUTIONS TO NFPs
Additions-Contributions-Plan Members 400,000 2386,900 507,500 6 2 86,000
Cash 386,900 5,312,750
Accrued Interest Receivable 72,000
Additions-Investment Earnings-Interest 314,900 374,200 86,000
Accrued Interest Receivable 86,000
Additions-Investment Earnings- Interest 86,000 INVESTMENT IN NET POSITION
CORP. STOCK ACCOUNTS PAYABLE (beginning)
3
Cash 125,000 bb 2,790,000 27,000 bb 8,275,000 bb
Additions-Investment Earnings-Dividends 125,000 4575,000 499,220 5
505,000 7 6 507,500
4
Investments in Common Stock 575,000 7502,000 5,770 8
Cash 575,000 8,275,000
5
Deductions-Annuity Benefits 377,400
Deductions-Disability Benefits 82,020
Deductions-Refunds to Terminated Employees 39,800 ADDITIONS – MEMBER ADDITIONS – EMPLOYER ADDITIONS – INVESTMENT
Accounts Payable 499,220 CONTRIBUTIONS CONTRIBUTIONS EARNINGS – INTEREST
400,000 1400,000 1314,900 2
6
Accounts Payable 507,500 86,000 2
Cash 507,500
7
Cash 506,800 400,000 400,000 400,900
Investments in Common Stock 505,000
City of Monroe – Police Dept. Pension Trust Fund
Community Foundation Private Purpose Trust Fund
Account Title Debits Credits
Additions-Contributions-Individuals & Foundations 206,026 807,000 Preclosing
Additions-Investment Earnings-Interest 45,000 206,126 closing entry
Additions-Investment Earnings-Dividends 4,000
Additions-Investment Earnings-Net Increase in
Fair Value of Investments
1,100 1,013,126
Net Position Held in Trust 206,126
Deductions-Distributions to Nonprofit Orgs 50,000
Account Title Debits Credits
Additions-Contributions-Plan Members 400,000 8,275,000 Preclosing
Additions-Investment Earnings-Interest 400,900
NET POSITION
Additions-Investment Earnings-Dividends 125,000 9,110,460
Additions-Investment Earnings-Net Increase in
Fair Value of Investments
8,780
Net Position Held in Trust 835,460
Deductions-Annuity Benefits 377,400
Deductions-Disability Benefits 82,020
Deductions-Refunds to Terminated Employees 39,800
NET POSITION
City of Monroe
Statement of Changes in Fiduciary Net Position
Fiduciary-type Funds
For the year ended December 31, 2015
Police Pension
Trust Fund
Private Purpose
Trust Fund
Additions
Contributions:
Plan Members 400,000$
Employer 400,000
Individuals 206,026
Total Contributions 800,000 206,026
Investment Income
Interest 400,900 45,000
Dividends 125,000 4,000
Net Increase in Fair Value
of Investments
8,780 1,100
Total Investment Income 534,680 50,100
Total Additions 1,334,680 256,126
Deductions
Annuity Benefits 377,400
Disability Benefits 82,020
Refunds to Terminated Employees 39,800
Distribution of Scholarships 50,000
Total Deductions 499,220 50,000
Change in Net Position 835,460 206,126
Net Position, January 1 8,275,000 807,000
Net Position, December 31 9,110,460$ 1,013,126$
City of Monroe
Statement of Net Position
Fiduciary-type Funds
As of December 31, 2015
Police Pensions
Trust Fund
Private Purpose
Trust Fund
Assets
Cash 374,200$ 54,526$
Accrued Interest Receivable 86,000 7,500
Investments at Fair Value:
Bonds 5,312,750 752,100
Common Stocks 3,356,230 199,000
Total Investments 8,668,980 951,100
Total Assets 9,129,180 1,013,126
Liabilities
Accounts Payable 18,720
Total Liabilities 18,720 –
Net Position
Resources Held in Trust for Pension
Benefits and Other Purposes
9,110,460$ 1,013,126$
9,129,180 – 1,013,126 balance check