| Statement of Changes in Fiduciary Net Assets | ||||
| Fiduciary Funds | ||||
| June 30, 2014 | ||||
| (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 | $565,544 | $- | $- | $565,544 |
| State | 2,774,380 | - | - | 2,774,380 |
| Municipalities | 152,557 | - | - | 152,557 |
| Total Contributions | 3,492,481 | - | - | 3,492,481 |
| Investment Income | 4,128,963 | 1,949 | - | 4,130,912 |
| Less: Investment Expense | (89,036) | (429) | - | (89,465) |
| Net Investment Income | 4,039,927 | 1,520 | - | 4,041,447 |
| Escheat Securities Received | - | - | 22,336 | 22,336 |
| Pool's Share Transactions | - | 55,099 | - | 55,099 |
| Other | 9,271 | - | - | 9,271 |
| Total Additions | 7,541,679 | 56,619 | 22,336 | 7,620,634 |
| Deductions | ||||
| Administrative Expense | 8,249 | - | - | 8,249 |
| Benefit Payments and Refunds | 4,134,135 | - | - | 4,134,135 |
| Escheat Securities Returned or Sold | - | - | 21,237 | 21,237 |
| Distributions to Pool Participants | - | 1,520 | - | 1,520 |
| Other | 7,738 | - | 1,489 | 9,227 |
| Total Deductions | 4,150,122 | 1,520 | 22,726 | 4,174,368 |
| Change in Net Position Held In Trust For: | ||||
| Pension and Other Employee Benefits | 3,391,557 | - | - | 3,391,557 |
| Individuals, Organizations, and Other Governments | - | 55,099 | (390) | 54,709 |
| Net Position - Beginning | 26,022,814 | 867,105 | 998 | 26,890,917 |
| Net Position - Ending | $29,414,371 | $922,204 | $608 | $30,337,183 |
The accompanying notes are an integral part of the financial statements.