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Changes in Plan Net Position <br /> The following comparative summary of the changes in net assets reflects the activities of the Plan: <br /> December 31 <br /> 2013 2012 Change <br /> Revenues <br /> Contributions $ 197,103 $ 148,465 $ 48,638 <br /> Miscellaneous income - 196 (196) <br /> Net investment earnings 389,386 234,743 154,643 <br /> Less investment fees (27,198) (21,688) (5,510) <br /> Total revenues 559,291 361,716 197,575 <br /> Expenditures 135,023 166,235 (31,212) <br /> Change in net position 424,268 195,481 228,787 <br /> Net position-January 1 2,456,311 2,260,830 195,481 <br /> Net position- December 31 $ 2,880,579 $ 2,456,311 $ 424,268 <br /> The Association's funding policy provided for contributions from the State of Minnesota(the State)and the City of Elk River in <br /> amounts sufficient to accumulate assets to pay benefits when due.The annual contributions are the sum of the normal cost,the State <br /> contribution payment and the provision for administrative expenses. <br /> Plan Membership <br /> The following table reflects the Association's Plan membership as of the beginning and ending of the year: <br /> December 31, Increase <br /> 2013 2012 (Decrease) <br /> Active participants <br /> Vested <br /> Fully 10 10 - <br /> Partially 21 23 (2) <br /> Non-vested(less than 5 years of service) 4 3 1 <br /> Deferred Members 3 3 - <br /> Total Membership 38 39 (1) <br /> -12- <br />