2021 Annual Comprehensive Financial Report

4. Fiduciary Fund Financial Statements The following are financial statements for the City of Greensboro’s Law Enforcement Officers’ Special Separation Allowance Trust Fund and Other Postemployment Benefit Trust Fund included in Exhibits A-13 and A-14 at June 30, 2021 on pages 32 and 33.

Statement of Fiduciary Net Position Fiduciary Funds June 30, 2021

Other Postemployment Benefit (OPEB) Trust

LEOSSA Pension Benefit Trust

Total

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

$

5,000

$

$

5,000

8,777

2,007,556 21,876,743 10,526,158 34,410,457

2,016,333 28,296,321 13,484,220 43,801,874

NC Equity IndexFund NC Bond Investment Fund

6,419,578 2,958,062 9,391,417

Total Assets

Net Position Restricted for Pension and Benefits

$

9,391,417

$

34,410,457

$

43,801,874

Statement of Changes in Fiduciary Net Position Fiduciary Funds For the Fiscal Year Ended June 30, 2021

Other Postemployment Benefit (OPEB) Trust

LEOSSA Pension Benefit Trust

Total

Additions Employer Contributions Employee Contributions Interest Earnings: Investment Income

$

2,974,819

$

7,604,435 2,205,395

$

10,579,254 2,205,395

67,342

239,774

307,116

Net Increase (Decrease) in the Fair Value of Investments Total Investment Income

1,739,978 1,807,320 4,782,139

5,917,467 6,157,241 15,967,071

7,657,445 7,964,561 20,749,210

Total Additions

Deductions Benefits Paid

2,971,569

7,809,830

10,781,399

Administrative Expenses

4,788

5,176

9,964

Total Deductions

2,976,357 1,805,782 7,585,635 9,391,417

7,815,006 8,152,065 26,258,392 34,410,457

10,791,363 9,957,847 33,844,027 43,801,874

Change in Net Position

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

$

$

$

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