| Statement of Changes in Fiduciary Net Assets | ||||
| Fiduciary Funds | ||||
| June 30, 2008 | ||||
| (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 | $380,781 | $- | $- | $380,781 |
| State | 3,728,016 | - | - | 3,728,016 |
| Municipalities | 39,274 | - | - | 39,274 |
| Total Contributions | 4,148,071 | - | - | 4,148,071 |
| Investment Income | (1,054,669) | 60,618 | - | (994,051) |
| Less: Investment Expense | (205,569) | (337) | - | (205,906) |
| Net Investment Income | (1,260,238) | 60,281 | - | (1,199,957) |
| Escheat Securities Received | - | - | 30,628 | 30,628 |
| Pool's Share Transactions | - | (82,884) | - | (82,884) |
| Transfers In | 2,789 | - | - | 2,789 |
| Other | 5,065 | - | - | 5,065 |
| Total Additions | 2,895,687 | (22,603) | 30,628 | 2,903,712 |
| Deductions | ||||
| Administrative Expense | 2,286 | - | - | 2,286 |
| Benefit Payments and Refunds | 2,927,526 | - | - | 2,927,526 |
| Escheat Securities Returned or Sold | - | - | 8,579 | 8,579 |
| Distributions to Pool Participants | - | 60,282 | - | 60,282 |
| Other | 2,788 | - | 26,465 | 29,253 |
| Total Deductions | 2,932,600 | 60,282 | 35,044 | 3,027,926 |
| Change in Net Assets Held In Trust For: | ||||
| Pension and Other Employee Benefits | (36,913) | - | - | (36,913) |
| Individuals, Organizations, and Other Governments | - | (82,885) | (4,416) | (87,301) |
| Net Assets - Beginning (as restated) | 25,905,695 | 1,058,422 | 99,762 | 27,063,879 |
| Net Assets - Ending | $25,868,782 | $975,537 | $95,346 | $26,939,665 |
The accompanying notes are an integral part of the financial statements.