The following information relates to the Lincoln County Fire ghters Pension
The following information relates to the Lincoln County Firefighters’ Pension Plan (dollar amounts in millions):


1. Prepare a statement of plan net fiduciary position (balance sheet) as of January 1. You may not have to include all of the data provided.
2. Prepare a statement of changes in plan net fiduciary position (statement of activities) for the year.
3. Prepare a statement of plan net fiduciary position (balance sheet) as of December 31.
4. Comment on the significance of the data provided that you did not include in your statements. Where in the plan’s financial statements would this information be reported?
5. Determine the amount of the unfunded actuarial accrued liability as of December 31, assuming that the actuarial value of the plan assets is the same as their fair value. (Sometimes actuaries use average values over several years rather than point-in-time values as of the balance sheetdate.)
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