| Statement of Changes in Fiduciary Net Assets | ||||
| Fiduciary Funds | ||||
| June 30, 2002 | ||||
| (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 | $275,381 | $- | $- | $275,381 |
| State | 640,088 | - | - | 640,088 |
| Municipalities | 19,053 | - | - | 19,053 |
| Total Contributions | 934,522 | - | - | 934,522 |
| Investment Income (Loss) | (1,240,059) | 48,770 | - | (1,191,289) |
| Less: Investment Expense | (93,424) | (690) | - | (94,114) |
| Net Investment Income (Loss) | (1,333,483) | 48,080 | - | (1,285,403) |
| Escheat Securities Received | - | - | 12,576 | 12,576 |
| Transfers In | 1,137 | - | - | 1,137 |
| Other | 5 | - | - | 5 |
| Total Additions | (397,819) | 48,080 | 12,576 | (337,163) |
| Deductions | ||||
| Administrative Expense | 1,396 | - | - | 1,396 |
| Benefit Payments and Refunds | 1,528,793 | - | - | 1,528,793 |
| Escheat Securities Returned or Sold | - | - | 12,997 | 12,997 |
| Pool's Share Transactions | - | 169,351 | - | 169,351 |
| Distributions to Pool Participants | - | 48,080 | - | 48,080 |
| Other | 3,948 | - | 5,547 | 9,495 |
| Total Deductions | 1,534,137 | 217,431 | 18,544 | 1,770,112 |
| Change in Net Assets Held In Trust For: | ||||
| Pension and Other Employee Benefits | (1,931,956) | - | - | (1,931,956) |
| Individuals, Organizations, and Other Governments | - | (169,351) | (5,968) | (175,319) |
| Net Assets - Beginning (as restated) | 20,537,567 | 1,414,080 | 66,736 | 22,018,383 |
| Net Assets - Ending | $18,605,611 | $1,244,729 | $60,768 | $19,911,108 |
The accompanying notes are an integral part of the financial statements.