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The fund has $6,187,845 in total assets. If the fund’s annual losses stay the same, it would run out of money in 43 years without these subsidies.
The fund earned $291,458 in investment income and other revenue in 2018. At the same time, it paid out $436,106 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 $470,910 to the fund’s revenue last year – an amount that has increased from $342,460 five years ago. Members contributed an additional $94,328 – $4,890 more than five years ago.
In all, subsidies amounted to $565,238 in 2018.
Mendota Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $291,458 | $436,106 | -$144,648 |
| 2017 | $329,934 | $475,297 | -$145,363 |
| 2016 | $36,462 | $379,654 | -$343,192 |
| 2015 | $274,343 | $313,290 | -$38,947 |
| 2014 | $168,410 | $279,478 | -$111,068 |
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