The fund has $8,818,086 in total assets. If the funds annual losses were the same, it would run out of money in 10 years without these subsidies.
The fund lost $115,717 in investment income and other revenue in 2016. At the same time, it paid out $779,781 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 $645,381 to the funds revenue last year – an amount that has increased from $496,129 five years ago. Members contributed an additional $129,205 – $16,271 more than five years ago.
In all, subsidies amounted to $774,586 in 2016.
Lake Bluff Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2016 | -$115,717 | $779,781 | -$895,498 |
| 2015 | $418,481 | $778,790 | -$360,309 |
| 2014 | $943,725 | $771,630 | $172,095 |
| 2013 | $542,957 | $678,623 | -$135,666 |
| 2012 | $37,077 | $596,229 | -$559,152 |
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