Statement of Changes in Fiduciary Net Assets
Fiduciary Funds
June 30, 2016
(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 $672,853 $- $- $672,853
State 3,124,195 - - 3,124,195
Municipalities 136,572 - - 136,572
Total Contributions 3,933,620 - - 3,933,620
Investment Income 88,511 130,290 - 218,801
Less: Investment Expense (79,303) (14,654) - (93,957)
Net Investment Income 9,208 115,636 - 124,844
Escheat Securities Received - - 21,951 21,951
Pool's Share Transactions - 371,579 - 371,579
Other 13,578 - - 13,578
Total Additions 3,956,406 487,215 21,951 4,465,572
Deductions
Administrative Expense 4,263 - - 4,263
Benefit Payments and Refunds 4,405,775 - - 4,405,775
Escheat Securities Returned or Sold - - 17,633 17,633
Distributions to Pool Participants - 115,636 - 115,636
Other 155,337 - 1,145 156,482
Total Deductions 4,565,375 115,636 18,778 4,699,789
Change in Net Position Held In Trust For:
Pension and Other Employee Benefits (608,969) - - (608,969)
Individuals, Organizations, and Other Governments - 371,579 3,173 374,752
Net Position - Beginning (as restated) 30,090,295 1,005,895 593 31,096,783
Net Position - Ending $29,481,326 $1,377,474 $3,766 $30,862,566

The accompanying notes are an integral part of the financial statements.