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The fund has $35,378,604 in total assets. If the fund’s annual losses stay the same, it would run out of money in eight years without these subsidies.
The fund lost $1,421,476 in investment income and other revenue in 2018. At the same time, it paid out $3,068,867 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 $2,280,435 to the fund’s revenue last year – an amount that has increased from $1,387,265 five years ago. Members contributed an additional $360,785 – $37,178 more than five years ago.
In all, subsidies amounted to $2,641,220 in 2018.
Pleasantview FPD non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | -$1,421,476 | $3,068,867 | -$4,490,343 |
| 2017 | $3,950,661 | $2,635,325 | $1,315,336 |
| 2016 | $586,971 | $1,272,403 | -$685,432 |
| 2015 | $1,211,701 | $2,197,392 | -$985,691 |
| 2014 | $3,305,075 | $1,711,454 | $1,593,621 |
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