|
DEPARTMENT: N/A
<br />FUND: Firemen's Pension
<br />RESPONSIBLE MANAGER: Vicky Carlsen
<br />Description
<br />DIVISION: N/A
<br />FUND NUMBER: 611
<br />POSITION: Finance Director
<br />This fund exists to support seven (7) firefighters who qualify for a City pension system prior to 1971.
<br />Firemen's Pension Fund 611
<br />Operating Expenses
<br />Actual
<br />Budget
<br />Percent Change
<br />2020
<br />2021
<br />Projected
<br />2022
<br />2022
<br />2023
<br />2024
<br />2022-2023
<br />2023-2024
<br />Operating Revenue
<br />Fire Insurance Premium Tax
<br />InN,estment Earnings
<br />$ 72,088
<br />10,134
<br />$ 71,112
<br />1,486
<br />$ 74,397
<br />1,805
<br />$ 65,000
<br />5,000
<br />$ 74,000
<br />1,500
<br />$ 74,000
<br />1,500
<br />13.8%
<br />-70.0%
<br />0.0%
<br />0.0%
<br />Total ReN,enue
<br />82,222
<br />72,598
<br />76,203
<br />70,000
<br />75,500
<br />75,500
<br />7.9%
<br />0.0%
<br />Operating Expenses
<br />Supplemental Pension
<br />69,186
<br />58,330
<br />65,000
<br />65,000
<br />60,000
<br />60,000
<br />-7.7%
<br />0.0%
<br />Professional Services
<br />-
<br />-
<br />1,750
<br />-
<br />2,000
<br />2,000
<br />0.0%
<br />0.0%
<br />Other Services
<br />-
<br />500
<br />500
<br />-
<br />-
<br />-
<br />0.0%
<br />0.0%
<br />Total Expenses
<br />69,186
<br />58,830
<br />67,250
<br />65,000
<br />62,000
<br />62,000
<br />-4.6%
<br />0.0%
<br />Beginning Fund Balance
<br />1,504,419
<br />1,517,456
<br />1,531,223
<br />1,531,223
<br />1,540,176
<br />1,553,676
<br />0.6%
<br />0.9%
<br />Change in Fund Balance
<br />13,037
<br />13,768
<br />8,953
<br />5,000
<br />13,500
<br />13,500
<br />170.0%
<br />0.0%
<br />Ending Fund Balance
<br />$ 1,517,456
<br />$ 1,531,223
<br />$ 1,540,176
<br />$ 1,536,223
<br />$ 1,553,676
<br />$ 1,567,176
<br />1.1%
<br />0.9%
<br />17
<br />
|