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The fund has $15,174,586 in total assets. If the fund’s annual losses stay the same, it would run out of money in 26 years without these subsidies.
The fund earned $710,624 in investment income and other revenue in 2018. At the same time, it paid out $1,295,965 in expenses, according to the 2019 biennial report detailing the health of each of the state’s pension funds and retirement systems. The difference between the two shows the fund’s annual loss without subsidies.
Taxpayers added $806,549 to the fund’s revenue last year – an amount that has increased from $476,189 five years ago. Members contributed an additional $207,122 – $14,517 less than five years ago.
In all, subsidies amounted to $1,013,671 in 2018.
Dixon Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $710,624 | $1,295,965 | -$585,341 |
| 2017 | $1,129,701 | $1,070,387 | $59,314 |
| 2016 | -$394,245 | $1,021,632 | -$1,415,877 |
| 2015 | $679,949 | $991,444 | -$311,495 |
| 2014 | $799,293 | $978,645 | -$179,352 |
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