FY 2025 BUDGET BOOK - Flipbook - Page 326
FUND:
POLICE PENSION - 061
Fund Type
Pension | Governmental
Fund Family: Trust & Agency
Account
312-50-51
361-10-00
367-10-00
368-10-00
368-20-00
2200-518
518-30-34
518-30-49
Police Pension Fund
Summary
Profile
Non-Major Fund
DESCRIPTION
Actual
FY 22-23
Adopted
FY 23-24
BEGINNING FUND BALANCE
25,513,666
21,186,388
22,784,388
23,470,145
25,023,145
6.62%
REVENUE
Police Insurance Prem. Tax
Interest
Sale of Investments (Gain/Loss)
City Contribution
Police Contribution
TOTAL REVENUE
180,442
60,599
(4,043,685)
1,012,936
161,726
(2,627,982)
205,166
74,406
2,471,832
1,085,519
173,580
4,010,503
190,000
85,000
2,000,000
1,013,000
165,000
3,453,000
190,000
85,000
2,000,000
1,013,000
165,000
3,453,000
200,000
100,000
2,000,000
1,200,000
185,000
3,685,000
5.26%
17.65%
0.00%
18.46%
12.12%
6.72%
TOTAL REVENUES &
BALANCES
22,885,684
25,196,891
26,237,388
26,923,145
28,708,145
6.63%
1,455,339
243,957
1,699,296
1,666,863
59,883
1,726,746
1,550,000
350,000
1,900,000
1,550,000
350,000
1,900,000
1,550,000
350,000
1,900,000
0.00%
0.00%
0.00%
RESERVED PLAN ASSETS
21,186,388
23,470,145
24,337,388
25,023,145
26,808,145
7.13%
TOTAL ENDING FUND
BALANCE
21,186,388
23,470,145
24,337,388
25,023,145
26,808,145
7.13%
EXPENDITURES
Pension Benefits
Other Current Charges
TOTAL EXPENDITURES
Projected
FY 23-24
Proposed
FY 24-25
% Change
Proposed/
Projected
Actual
FY 21-22
324
