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  3. the city of lewistown had the following account ba

The City of Lewistown had the following account balances in their Public Employee Retirement Fund...

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Accounting

The City of Lewistown had the following account balances in their Public Employee Retirement Fund as of June 30, 2017:

Additions - Contributions-Plan Members $1,800,000

Additions - Contributions-Employer 900,000

Additions - Investment Earnings Interest 100,000

Cash 135,000

Accrued Interest Receivable 140,000

Investments Bonds 4,530,000

Investments Stocks 2,500,000

Additions - Investment Earnings - Net Increase in Fair Value of Investments 120,000

Deductions - Annuity Benefits 529,000

Deductions - Disability Benefits 325,000

Deductions - Refunds 35,000

Accounts Payable 250,000

Additions - Investment Earnings Dividends 58,000

prepare a Statement of Changes in Plan Net Position for the year ended June 30, 2017 assuming beginning net position is $4,966,000.

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