The fund has $250,171 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 earned $3,450 in investment income and other revenue in 2016. At the same time, it paid out $32,990 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 $33,935 to the funds revenue last year – an amount that has decreased from $53,441 five years ago. Members made no contributions this year – $7,431 less than five years ago.
In all, subsidies amounted to $33,935 in 2016.
Willow Springs Fire Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2016 | $3,450 | $32,990 | -$29,540 |
| 2015 | $4,489 | $33,014 | -$28,525 |
| 2014 | $752 | $63,625 | -$62,873 |
| 2013 | $3,564 | $32,940 | -$29,376 |
| 2012 | $2,032 | $35,769 | -$33,737 |
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