The fund has $13,530,669 in total assets. If the funds annual losses were the same, it would run out of money in nine years without these subsidies.
The fund lost $278,241 in investment income and other revenue in 2016. At the same time, it paid out $1,254,173 in expenses, according to the 2017 biennial report detailing the health of each of the states pension funds and retirement systems. The difference between the two shows the funds annual loss without subsidies.
Taxpayers added $783,447 to the funds revenue last year – an amount that has decreased from $882,299 five years ago. Members contributed an additional $175,173 – $10,993 more than five years ago.
In all, subsidies amounted to $958,620 in 2016.
Belvidere Firefighters Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2016 | -$278,241 | $1,254,173 | -$1,532,414 |
| 2015 | $881,507 | $1,064,570 | -$183,063 |
| 2014 | $1,215,255 | $941,452 | $273,803 |
| 2013 | $798,809 | $902,443 | -$103,634 |
| 2012 | -$43,183 | $888,587 | -$931,770 |
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