ACFR FY 2022 FINAL BOOK - Flipbook - Page 65
City of Eustis, Florida
FINANCIAL SECTION
City of Eustis, Florida
Statement of Changes in Fiduciary Net Position
Fiduciary Funds
For The Year Ended September 30, 2022
Pension
Trust
Funds
Additions
Contributions:
plan member
Insurance premium Tax
City
Employee Repayment
Total Contributions
$
225,779
314,004
1,632,128
846
2,172,757
Investment Income (Loss):
Net Appreciation (Depreciation) in
Fair Value of Investments
Interest
Contribution buy back
Total Income on Investments
Less: Investment management Fees
Net Investment Income
Total Additions
(7,309,092)
585,499
1,984
(6,721,609)
(138,543)
(6,860,152)
(4,687,395)
Deductions
pension payments
Administration
Total Deductions
(2,056,737)
(234,506)
(2,291,243)
Change in Net position
(6,978,638)
Net position, beginning of Year
39,376,659
Net Position, End of Year
$
32,398,021
The notes to the financial statements are an integral part of this statement�
Annual Comprehensive Financial Report | September 30, 2022
65