CAFR 2017

-34- Exhibit A-14

City of Greensboro Statement of Changes in Fiduciary Net Position Fiduciary Funds For the Fiscal Year Ended June 30, 2017

LEOSSA Pension

Other

Postemployment Benefit (OPEB)

Benefit

Trust

Trust

ADDITIONS Employer Contributions Employee Contributions

$

2,528,862

$

5,155,834 2,293,368

Interest Earnings: Investment Income

57,296

262,324

Net Increase (Decrease) in the Fair Value of Investments

(18,125)

1,455,224 1,717,548

Total Investment Income

39,171

Total Additions

2,568,033

9,166,750

DEDUCTIONS Benefits Paid

2,559,522

6,949,203

Administrative Expenses

1,612

19,789

Total Deductions

2,561,134

6,968,992

Change in Net Position

6,899

2,197,758

Net Position Restricted for LEOSSA - July 1 Prior Period Restatement

6,365,576 6,365,576

Net Position Restricted for LEOSSA - July 1, (restated)

Net Position Restricted for LEOSSA - June 30

$

6,372,475

Net Position Restricted for OPEB Other Than Pensions - July 1 Net Position Restricted for OPEB Other Than Pensions - June 30

15,182,164 17,379,922

$

The notes to the financial statements are an integral part of this statement.