CITY OF REVERE, MASSACHUSETTS
Statement of Revenues, Expenses
and Changes in Fund Equit
Pension Trust Fund
Year ended June 30, 1996
| Revenues: | |
| Investment income | $ 2,725,896 |
| Net appreciation in fair value of stock investments | 4,503,238 |
| Intergovernmental | 6,187,475 |
| Members' contributions | 1,113,147 |
| Other | 164,594 |
| Total revenues | 14,694,350 |
| Expenses: | |
| Benefits paid | 7,848,423 |
| Member refunds and reimbursements to other systems | 128,978 |
| Other | 228,610 |
| Total expenses | 8,206,011 |
| Net income | 6,488,339 |
| Fund equity, beginning of year | 31,933,821 |
| Fund equity, end of year | $ 38,422,160 |