Assume the same facts as stated in D8-4 except that the pension Trust Fund is operated by a five-member board of directors. Before the end of the current fiscal year, three of the board members'- terms expire. If Smith appoints three new board members who are sympathetic to his plan do you see a potential ethical problem? (Fiduciary- funds in practice) Obtain a recent Comprehensive Annual Financial Report for a county or a municipality Identify any fiduciary funds included in the report Does the government have any Pension Trust Funds? If not, does the government contribute to an external pension plan? (Journal entries for a Pension Trust Fund) The Pension Trust Fund maintained by the City of Linden had the following transactions during 2012. Record each transaction in the Pension Trust Fund Ignore any other funds that may be involved in a transaction Contributions of $600,000 were received from General Fund employees, and the General Fund contributed its share of $100,000 The fund paid $500 for investment management fees Investments held by the fund increased in value by $3, 500 Depreciation on fund capital assets totaled $800 Retirement benefits of $7, 700 were paid to retirees Interest of $2, 500 and dividends of $1, 400 were received from investments Define the following terms as they apply to pension plans and other postemployment benefit plans