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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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