FINANCIAL OPERATIONS |
FY 2002 |
FY 2001 |
Additions
Contributions
Participants
Employer
Total Contributions
Investment Income
Net appreciation (depreciation) in fair market value
Interest
Dividends
Other
Less: Investment expense
Net Investment Income
Total Additions
Deductions
Total benefits
Other expenses
Total Deductions
Net Increase (Decrease) |
$277,477,660
279,091,795
$556,569,455
$(910,689,819)
190,025,259
68,858,859
3,836,795
18,515,248
$(666,484,154)
$(109,914,699)
$743,269,951
52,625,436
$795,895,387
$(905,810,086) |
$241,800,200
266,576,335
$508,376,535
$(1,314,005,959)
197,834,326
64,197,593
4,181,533
16,877,602
$(1,064,670,109)
$(556,293,574)
$664,840,920
60,987,147
$725,828,067
$(1,282,121,641) |
| INVESTMENT
PORTFOLIO ANALYSIS (Fair Market Value) |
JUNE 30, 2002 |
JUNE 30, 2001 |
Total
equities
Total fixed income securities
Cash and short-term investments
Real estate investments
Mutual funds and variable annuities
Accrued investment income
Total Portfolio at Fair Market Value |
$6,379,593,688
3,225,836,338
414,908,800
1,046,688
119,825,534
35,735,063
$10,176,946,111 |
$7,023,868,873
3,871,691,452
443,566,849
1,873,089
91,642,555
31,639,814
$11,464,282,632 |
ADMINISTRATIVE EXPENSES |
FY 2002 |
FY 2001 |
Personal
services and benefits
Other professional fees and services
Depreciation
Postage
Printing and copying services
Building operations expenses
Self-managed plan
Other expenses
Total Administrative Expenses |
$6,377,328
2,088,106
1,510,457
446,851
274,760
242,816
317,570
610,119
$11,868,007 |
$5,719,110
1,544,787
1,758,329
559,505
312,705
229,015
519,308
542,394
$11,185,153 |
SELECTED ACCOUNT BALANCES |
JUNE 30, 2002 |
JUNE 30, 2001 |
Investments
at Market Value
Securities lending collateral
Cash & short term investments
Pending investment sales
Accrued investment income receivable
Other assets
Total assets
Securities lending collateral
Payable to brokers for unsettled trades
Other payables
Total liabilities
Net assets held in trust for pension benefits |
$9,726,302,248
881,307,948
414,908,800
618,429,216
35,735,063
42,992,838
$11,719,676,113
881,307,948
855,726,222
33,211,647
$1,770,245,817
$9,949,430,296 |
$10,989,075,969
936,284,921
443,566,849
73,682,043
31,639,814
21,682,694
$12,495,932,290
936,284,921
670,770,445
33,636,542
$1,640,691,908
$10,855,240,382 |
SUPPLEMENTARY INFORMATION |
FY 2002 |
FY 2001 |
Total
investment administrative expenses
Investment return (unaudited)
Average number of employees
Number of active members
Number of inactive members
Number of retirement benefit recipients
Number of survivors benefit recipients
Number of disabilities benefit recipients |
$17,440,451
(6.1%)
112
79,162
52,787
27,202
5,905
781 |
$15,704,710
(8.8%)
106
77,781
51,634
25,749
5,700
808 |
| EXECUTIVE DIRECTOR |
| During Audit Period and Currently: Mr. James
M. Hacking |
