The fund has $17,916,502 in total assets. If the funds annual losses were the same, it would run out of money in seven years without these subsidies.
The fund lost $462,221 in investment income and other revenue in 2016. At the same time, it paid out $2,241,056 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 $1,387,146 to the funds revenue last year – an amount that has decreased from $1,604,738 five years ago. Members contributed an additional $189,071 – $37,723 more than five years ago.
In all, subsidies amounted to $1,576,217 in 2016.
Broadview Firefighters Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2016 | -$462,221 | $2,241,056 | -$2,703,277 |
| 2015 | $597,823 | $2,149,884 | -$1,552,061 |
| 2014 | $1,309,503 | $2,033,945 | -$724,442 |
| 2013 | $1,047,198 | $1,944,298 | -$897,100 |
| 2012 | $33,540 | $1,868,918 | -$1,835,378 |
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