HomeMy WebLinkAboutNC Comprehensive Report (Finance) (27)CITY OF NATIONAL CITY
Statement of Changes in Fiduciary Net Assets
Fiduciary Funds
For the Year Ended June 30, 2012
Private -Purpose Trust Funds
2012 2011
Additions:
Taxes $ 4,576,072
Interest and rents 53,538 282
Intergovernmental 249
Transfers from other trust funds 150,164
Total additions
4,780,023 282
Deductions:
Community development 5,004,651
Capital outlay 1,274,243
Transfers to other trust funds 150,164
Total deductions 6,429,058
Total additions less deductions (1,649,035) 282
Extraordinary gain (loss) (note 16) (9,871,679)
Net increase (decrease) (11,520,714) 282
Net assets, beginning of year 49,751 49,469
Net assets, end of year $ (11,470,963) 49,751
See accompanying notes to the basic financial statements.
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