7–C. Part 3. Fiduciary Fund Financial Statements

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3-C The Continous Problem - City of Monroe
A. Est. Revenues Control 10,750,000
Appropriations 9,255,000
Estimated Other Financing Uses Control 1,280,000
Budgetary Fund Balance 215,000
B. Est. Other Financing Uses Control 1,070,000
Appropriations 1,065,000
Budgetary Fund Balance 5,000
Joshua Blanding

Comm. Foundation Fund JE

City of Monroe
Community Foundation Fund Journal Entries
December 31, 2014
Item # Account Title Debits Credits
1 Cash 22,500
Additions-Investment Earnings-Interest 15,000
Accrued Interest Receivable 7,500
2a Cash 200,000
Additions-Contributions 200,000
2b Investment in RST Stock 200,000
Cash 200,000
3 Cash 22,500
Additions-Investment Earnings-Interest 22,500
4 Cash 2,000
Additions-Investment Earnings-Dividends 2,000
5a Cash 211,000
Investment In RST Stock 200,000
Additions-Net Increase in Investments 11,000
5b Investments in UVW Common Stock 204,000
Cash 204,000
6 Deductions- Scholarship Awards 51,000
Cash 51,000
7 Accured Interest Receivable 7,500
Additions-Investment Earnings-Interest 7,500
8 Investment in MNO Company Bonds 4,500
Investment in UVW Company Stock 1,400
Additions-Net Increase in Investments 3,100
925,000 925,000

CF T Accounts

INVESTMENTS IN INVESTMENTS IN ACCRUED INTEREST
CASH RST CORPORATION MNO COMPANY BONDS RECEIVABLE
bb 50,500 2b 200,000 bb 750,000 bb 7,500
2 200,000 200,000 2b 200,000 5A 8 4,500 7,500 1
3 22,500 7 7,500
4 5,000
5 209,000 209,000 5b
48,000 6
1 22,500 - 754,500 7,500
52,500
FUND BALANCE
NET POSITION RESERVED FOR
ACCOUNTS PAYABLE OTHER PAYABLES HELD IN TRUST OTHER PURPOSES
792,500 bb
- - 792,500
-
DEDUCTIONS -
INVESTMENTS IN SCHOLARSHIPS ADDITIONS - TO ADDITIONS -
UVW COMPANY PERMANENT ENDOWMENT CONTRIBUTIONS
5B 209,000 6 48,000 200,000 2
1,400 8
207,600 48,000 - 200,000
ADDITIONS - INVESTMENT ADDITIONS - INVESTMENT ADDITIONS - NET INCREASE IN
INCOME - DIVIDENDS INCOME - INTEREST FAIR VALUE OF INVESTMENTS
5,000 4 22,500 3 9,000 5a
15,000 1 3,100 8
7,500 7
5,000 45,000 12,100
&LMoose County - journal entries and General ledger Trust fund

Closing Entries

City of Monroe
Community Foundation Trust Fund Closing Entries
December 31, 2014
Account Title Debits Credits
Additions-Investment Earnings-Interest 45,000 Preclosing
Additions-Investment Earning-Dividends 5,000 closing entry
Addititions-Contributions 200,000
Additions-Net Increase in Investments 12,100
Deductions-Scholarship Awards 48,000
Net Assets Held in Trust for Scholarship Benefits 214,100
262,100 262,100
1
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Pension Trust Fund JE

City of Monroe
Community Foundation Fund Journal Entries
December 31, 2014
Item # Account Title Debits Credits
1 Cash 800,000
Additions-Contributions -Plan Members 400,000
Additions-Contributions -Employers 400,000
2 Cash 504,000
Accrued Interest Receivable 136,000
Additions-Investment Earnings-Interest 368,000
3 Cash 89,000
Additions-Investment Earnings-Dividends 89,000
4 Investments in Common Stock 650,000
Cash 650,000
5 Deductions-Annuity Benefits 407,500
Deductions-Disability Benefits 93,500
Deductions-Refundds to Terminated Employees 66,000
Accounts Payable and Accrued Expenses 567,000
6 Accounts Payable and Accrued Expenses 612,000
Cash 612,000
7a Cash 517,000
Investments in Common Stock 505,000
Additions-Investment Earnings-Net Increase in FVI 12,000
7b Investments in Common Stock 517,000
Cash 517,000
8 Investments in Bonds 13,200
Investments in Common Stock 7,900
Additiions-Investment Earnings-Net Increase in FVI 5,300
4,269,200 4,269,200

PF T Accounts

INVESTMENTS IN INVESTMENTS IN ACCRUED INTEREST
CASH COMMON STOCK BONDS RECEIVABLE
bb 105,000 bb 3,200,000 bb 7,200,000 bb 140,000
1 800,000 650,000 4 4 650,000 8 13,200 136,000 2
2 504,000 612,000 6 505,000 7a
3 89,000 517,000 7b 7b 517,000 7,900 8
7a 517,000 3,854,100 7,213,200 4,000
236,000
FUND BALANCE
A/P AND ACCRUED EXPENSES NET POSITION RESERVED FOR
OTHER PAYABLES HELD IN TRUST OTHER PURPOSES
76,000 bb 10,569,000 bb
6 612,000 567,000 5
31,000 - 10,569,000
-
DEDUCTIONS -
DEDUCTIONS-ANNUITY BENEFITS DISABILITY BENEFITS ADDITIONS-CONTRIBUTIONS ADDITIONS-CONTRIBUTIONS
PLAN EMPLOYERS EMPLOYERS
5 407,500 5 93,500 400,000 1 400,000 1
407,500 93,500 400,000 400,000
ADDITIONS - INVESTMENT ADDITIONS - INVESTMENT ADDITIONS - NET INCREASE IN DEDUCTIONS-REFUNDS TO TER. EMP.
INCOME - DIVIDENDS INCOME - INTEREST FAIR VALUE OF INVESTMENTS
89,000 3 368,000 2 5 66,000
12,000 7a
5,300 8
89,000 368,000 17,300 66,000
&LMoose County - journal entries and General ledger Trust fund

Closing Entries PF

City of Monroe
Enterprise Fund Closing Entries
December 31, 2014
Account Title Debits Credits
Additions-Contributions-Plan Members 400,000 Preclosing
Additions-Contributions-Employer 400,000 closing entry
Additions-Investment Earnings-Interest 368,000
Additions-Investment Earnings-Dividends 89,000
Additions-Investment Earnings-Net Increase in FVI 17,300
Deductions-Annuity Benefits 407,500
Deductions-Disability Benefits 93,500
Deductions-Refunds toTerminated Employees 66,000
Net Assets Held in Trust for Pensions Benefits 707,300
1,274,300 1,274,300
1
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Statements Perm fund

Moose County Moose County
Statement of Revenues Expenditures and Changes in Fund Balance Balance Sheet
For the year ended 12-31-2014 As of 12-31-2014
Permanent Fund Permanent Fund
Revenues Assets
Additions to permanent endowment Cash
Investment income: Investments in corporate equities
interest Investments in corporate bonds
dividends Accrued interest receivable
increase in fair value of investments
Total Revenues - Total Assets $ -
Expenditures
Current: Liabilities and Fund balances
Trust activities Liabilities
Total Expenditures - Accounts Payable
Excess (Deficiency) of Revenues Over Expenditures - Total Liabilities -
Other financing sources (uses) Fund Balances
Transfers out Nonspendable
total other financing sources (uses) - Permanent fund principal
Restricted for other purposes
Net Change in Fund Balance - Total Fund balance -
Fund Balance, January 1 5,831,000
Fund Balance, December 31 $ 5,831,000 Total Liabilities and Fund balance $ -
&C&14Permanent Fund Financial Statements

Statements PPT fund

City of Monroe City of Monroe
Statement of Changes in Fiduciary Net Assets Statement of Net Position
For the year ended 12-31-2014 As of 12-31-2014
Private Purpose Trust Fund Private Purpose Trust Fund
Additions Assets
Contributions: Cash
Investment income: Investments in corporate equities
interest Investments in corporate bonds
dividends Accrued interest receivable
increase in fair value of investments Total Assets $ -
Total Additions -
Liabilities and Fund Equity
Deductions Liabilities
Trust activities Accounts Payable
-
Total Deductions - Total Liabilities -
Net Change in Net Position - Net Position
Net Position Beginning of Year - Resources held in trust for private purpose
Net Position End of Year $ - trust fund activities
Total Net Position $ -
&C&14Private Purpose Trust Fund financial statements