In all, Genoa contributed $353,000 to the fund, which saw a $20,852 increase in revenue over 2017. Members contributed $39,799, or 10.1 percent, in 2018. Another $1 came from other unspecified sources.
Genoa Police Pension Fund revenue over 5 years
2014 | 2015 | 2016 | 2017 | 2018 | Change 2014-2018 | |
---|---|---|---|---|---|---|
Municipality | $179,120 | $206,688 | $221,541 | $331,300 | $353,000 | 97.1% |
Pension members | $38,232 | $39,117 | $41,473 | $40,648 | $39,799 | 4.1% |
Other Revenue | $0 | $0 | $0 | $0 | $1 | - |
Total | $217,352 | $245,805 | $263,014 | $371,948 | $392,800 | 80.7% |