| Statement of Changes in Fiduciary Net Assets | ||||
| Fiduciary Funds | ||||
| June 30, 2007 | ||||
| (Expressed in Thousands) | ||||
| Private- | ||||
|---|---|---|---|---|
| Pension & | Investment | Purpose | ||
| Other Employee | Trust Fund | Trust Fund | ||
| Benefit | External | Escheat | ||
| Trust Funds | Investment Pool | Securities | Total | |
| Additions | ||||
| Contributions: | ||||
| Plan Members | $377,587 | $- | $- | $377,587 |
| State | 1,109,157 | - | - | 1,109,157 |
| Municipalities | 45,552 | - | - | 45,552 |
| Total Contributions | 1,532,296 | - | - | 1,532,296 |
| Investment Income | 4,123,523 | 75,878 | - | 4,199,401 |
| Less: Investment Expense | (215,070) | (322) | - | (215,392) |
| Net Investment Income | 3,908,453 | 75,556 | - | 3,984,009 |
| Escheat Securities Received | - | - | 33,265 | 33,265 |
| Pool's Share Transactions | - | 145,974 | - | 145,974 |
| Transfers In | 2,492 | - | - | 2,492 |
| Other | 20 | - | 11,830 | 11,850 |
| Total Additions | 5,443,261 | 221,530 | 45,095 | 5,709,886 |
| Deductions | ||||
| Administrative Expense | 1,999 | - | - | 1,999 |
| Benefit Payments and Refunds | 2,285,066 | - | - | 2,285,066 |
| Escheat Securities Returned or Sold | - | - | 4,134 | 4,134 |
| Distributions to Pool Participants | - | 75,556 | - | 75,556 |
| Other | 6,917 | - | - | 6,917 |
| Total Deductions | 2,293,982 | 75,556 | 4,134 | 2,373,672 |
| Change in Net Assets Held In Trust For: | ||||
| Pension and Other Employee Benefits | 3,149,279 | - | - | 3,149,279 |
| Individuals, Organizations, and Other Governments | - | 145,974 | 40,961 | 186,935 |
| Net Assets - Beginning | 22,761,627 | 912,448 | 58,801 | 23,732,876 |
| Net Assets - Ending | $25,910,906 | $1,058,422 | $99,762 | $27,069,090 |
The accompanying notes are an integral part of the financial statements.