City of Monroe

Community Foundation Trust Fund

COMMUNITY FOUNDATION TRUST FUND
ACCRUED
reference Account Titles Debits Credits CASH INTEREST RECEIVABLE
bb 35,000 bb 7,500
7-C-1 1 Cash 22,500 1 22,500 200,000 2 7,500 1

Acc Int Rec 7,500 2 200,000 209,000 5 7 7,500

additions - inv earnings 15,000 3 22,500 48,000 6
4 5,000
5 209,000
2 Cash 200,000
additions - contributions 200,000 37,000 7,500

inv - stock 200,000

cash 200,000 INVESTMENT IN INVESTMENT IN INVESTMENT IN
MNO BONDS RST STOCK UVW STOCK
3 Cash 22,500 bb 750,000 bb bb

additions - inv earnings interest 22,500 8 4,500 2 200,000

200,000 5 5 209,000
4 Cash 5,000 1,400 8

additions - inv earnings dividends 5,000

754,500 - 207,600
5 Cash 209,000

addition - FMV stock 9,000 NET POSITION ADDITIONS ADDITIONS - INVESTMENT

inv stock - RST 200,000 (beginning) CONTRIBUTIONS EARNINGS - INTEREST
792,500 bb 200,000 2 15,000 1
inv-stock 209,000 22,500 3
cash 209,000 7,500 7

6 Deduction - dist 48,000 792,500 200,000 45,000

cash 48,000

7 Acc Int. Rec. 7,500 ADDITIONS - INVESTMENT ADDITIONS - INVESTMENT DEDUCTIONS

additions - inv earnings interest 7,500 EARNINGS - DIVIDENDS EARNINGS - ∆ FMV DISTRIBUTIONS TO NFPs
5,000 4 5 - 9,000 5 6 48,000
8 inv - bonds 4,500 3,100 8
inv - stock 1,400
additions - FMV 3,100
5,000 12,100 48,000

dr cr
debits = credits ?? 928,000 928,000 1,054,600 1,054,600 ending balance
City of Monroe - Police Dept. Pension Trust Fund

POLICE DEPARTMENT PENSION TRUST FUND

ACCRUED INVESTMENT IN
reference Account Titles Debits Credits CASH INTEREST RECEIVABLE CORP. BONDS
bb 105,000 bb 140,000 bb 7,200,000
7-C-1 1 Cash 800,000 1 800,000 650,000 4 140,000 2 8 13,200
additions - member cont 400,000 2 504,000 612,000 6 2 136,000
additions - empl cont 400,000 3 89,000 517,000 7
7 517,000
2 Cash 504,000 7,213,200
accrued int rec 140,000
additions - inv earnings 364,000 236,000 136,000

accr int rec 136,000

additions - inv earnings 136,000 INVESTMENT IN NET POSITION
CORP. STOCK ACCOUNTS PAYABLE (beginning)
3 Cash 89,000 bb 3,200,000 76,000 bb 10,569,000 bb

additions - inv ear dividends 89,000 4 650,000 567,000 5

505,000 7 6 612,000
4 Inv - stock 650,000 7 517,000 7,900 8

cash 650,000 10,569,000

3,854,100 31,000
5 deduction annuity 407,500
deduction disability 93,500
deduction - refunds 66,000 ADDITIONS - MEMBER ADDITIONS - EMPLOYER ADDITIONS - INVESTMENT
accounts payable 567,000 CONTRIBUTIONS CONTRIBUTIONS EARNINGS - INTEREST
400,000 1 400,000 1 364,000 2
6 accounts payable 612,000 136,000 2
cash 612,000

7 cash 517,000 400,000 400,000 500,000

inv - common stock 505,000
additions - fmv
12,000
ADDITIONS - INVESTMENT ADDITIONS - INVESTMENT DEDUCTIONS
inv - stock 517,000 EARNINGS - DIVIDENDS EARNINGS - ∆ FMV ANNUITY BENEFITS
cash 517,000 89,000 3 12,000 7 5 407,500
5,300 8
8 inv - bonds 13,200
inv - stocks 7,900 89,000 17,300 407,500
additions - FMV 5,300
DEDUCTIONS DEDUCTIONS - REFUNDS TO
DISABILITY BENEFITS TERMINATED EMPLOYEES
5 93,500 5 66,000
debits = credits ?? 4,405,200 4,405,200
93,500 66,000
City of Monroe
FIDUCIARY FUNDS- Closing Entries

Community Foundation Private Purpose Trust Fund

Account Title Debits Credits

additions - cont 200,000 NET POSITION
additions - inv earnings int 45,000 792,500 Preclosing

additins - inv earnings dividends 5,000 214,100 closing entry

additions - inv earnings FMV 12,100

deductions - distributions 48,000 1,006,600
net position 214,100

Police Department Pension Trust Fund

Account Title Debits Credits

member cont 400,000 NET POSITION
employer cont 400,000 10,569,000 Preclosing

inv earnings int 500,000 839,300 closing entry

inv earnings div 89,000

inv earnings FMV 17,300 11,408,300
deductions - annuity benefits 407,500
deductions - disability benefits 93,500
deductions - refunds 66,000
net position 839,300
City of Monroe
Statement of Changes in Fiduciary Net Position
Fiduciary-type Funds
For the year ended December 31, 2014

Police Pension Private Purpose

Trust Fund Trust Fund

Additions
Contributions:
Plan Members $ 400,000 $ -
Employer 400,000 -
Individuals - 200,000
Total Contributions 800,000 200,000

Investment Income
Interest 500,000 45,000
Dividends 89,000 5,000
Net Increase in Fair Value
of Investments 17,300 12,100
Total Investment Income 606,300 62,100

Total Additions 1,406,300 262,100

Deductions
Annuity Benefits 407,500 -
Disability Benefits 93,500 -
Refunds to Terminated Employees 66,000 -
Distribution of Scholarships - 48,000
Total Deductions 567,000 48,000
Change in Net Position 839,300 214,100
Net Position, January 1 10,569,000 792,500
Net Position, December 31 $ 11,408,300 $ 1,006,600
City of Monroe
Statement of Net Position
Fiduciary-type Funds
As of December 31, 2014

Police Pensions Private Purpose

Trust Fund Trust Fund
Assets
Cash $ 236,000 $ 37,000
Accrued Interest Receivable 136,000 7,500
Investments at Fair Value:
Bonds 7,213,200 754,500
Common Stocks 3,854,100 207,600
Total Investments 11,067,300 962,100
Total Assets 11,439,300 1,006,600

Liabilities
Accounts Payable 31,000 -
Total Liabilities 31,000 -

Net Position
Resources Held in Trust for Pension
Benefits and Other Purposes $ 11,408,300 $ 1,006,600