2020 Comprehensive Annual Financial Report

Statement of Fiduciary Net Position Fiduciary Funds June 30, 2020

LEOSSA Pension Benefit

Other

Postemployment Benefit (OPEB)

Trust

Trust

Total

ASSETS Cash and Cash Equivalents/Investments Demand Deposits Mutual Funds: NC Short Term Investment Fund

$

5,000

$

$

5,000

8,738

807,367

816,105

NC Equity IndexFund

4,601,065 2,970,832 7,585,635

15,679,428 9,771,597 26,258,392

20,280,493 12,742,429 33,844,027

NC Bond Investment Fund

Total Assets

NET POSITION Restricted for Pension and Benefits

$

7,585,635

$

26,258,392

$

33,844,027

Statement of Changes in Fiduciary Net Position Fiduciary Funds For the Fiscal Year Ended June 30, 2020

LEOSSA Pension Benefit

Other

Postemployment Benefit (OPEB)

Trust

Trust

Total

ADDITIONS Employer Contributions Employee Contributions Interest Earnings: Investment Income

$

2,906,943

$

6,907,023 2,147,474

$

9,813,966 2,147,474

239,246

787,597

1,026,843

Net Increase (Decrease) in the Fair Value of Investments

108,429 347,675

341,018 1,128,615 10,183,112

449,447 1,476,290 13,437,730

Total Investment Income

Total Additions

3,254,618

DEDUCTIONS Benefits Paid

2,903,741

7,054,497

9,958,238

Administrative Expenses

4,331

3,647

7,978

Total Deductions

2,908,072

7,058,144 3,124,968 23,133,424 26,258,392

9,966,216 3,471,514 30,372,513 33,844,027

Change in Net Position

346,546

Net Position Restricted for Pension and Benefits - July 1 Net Position Restricted for Pension and Benefits - June 30

7,239,089 7,585,635

$

$

$

37xx