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Home My WebLink AboutHandouts_Pension General_Tab 02_09/18/2008Village of Tet:~esta BUDGET WORKSHEET Page: 1 911712008 3:14 pm Prior _----- -----------Current Year ---- -------------------- (6) (7) (8) Year Original Amended Actual Thru Estimated Month: 913012008 Actual Budget Budget September Total PROPOSED TRUSTEE FINAL Fund: 602 - VillageEmployee Pension-Gen Revenues Function: 000 General Revenues Dept: 000 General Acct Class: 361 Unrestricted Investment Earnin 361.100 Interest Income 19,537 0 0 17,324 0 361.102 Dividend/Distributions 10,593 0 0 11,002 0 361.103 Money funds Dividends 0 0 0 0 0 Unrestricted Investment Earnin 30,130 0 0 28,326 0 0 0 0 Acct Class: 367 Investment income 367.000 GainlLoss-Sale of Investments 68 0 0 -17,615 0 367.100 Unrealized gainlloss on invest 67,123 0 0 -62,602 0 Inuestmentincome 67,191 0 0 -80,217 0 0 0 0 Acct Class: 368 Pension Contributions 368.001 Pension Fund Cont-Employer 122,449 0 0 119,427 124,000 133,000 368.002 Pension Fund Cont-Employee 76,014 0 0 74,086 77,000 82,500 Pension Contributions 198,463 0 0 193,513 201,000 215,500 0 0 Acct Class: MISC Miscellaneous Revenues 369.000 Other Miscellaneous Revenue 1,025 0 14,000 7 0 Miscellaneous Revenues 1,025 0 14,000 7 0 0 0 0 General 296,809 0 14,000 141,629 201,000 215,500 0 0 General Revenues 296,809 0 14,000 141,629 201,000 215,500 0 0 Total Revenues 296,809 0 14,000 141,629 201,000 215,500 0 0 Expenditures Function: 000 General Revenues Dept: 000 General Acct Class: 530 Operating ExpenditureslExpense 531.301 Legal Services 3,815 4,500 4,500 4,992 6,000 7,000 531.304 Recording Secy Service 974 1,000 1,500 1,326 1,400 7,580 531.309 Actuarial Services 7,724 4,500 10,000 8,077 8,100 8,000 540.300 Travel & Per Diem 797 1,000 1,000 0 0 1,725 545.3001nsurance 839 1,000 1,000 801 801 1,000 549.300 Other Misc Chgs & Obligations 362 60 60 245 300 500 554.300 Books, Publ, Subs & Membership 557 500 500 0 0 600 554.600 Seminars & Training -Pensions 1,750 3,000 3,000 0 0 600 Operating ExpenditureslExpense 16,818 15,560 21,560 15,441 16,601 27,005 0 0 Acct Class: 531 Investment Expense 531.3071nvestmentServices 12,694 7,000 15,000 11,607 15,040 23,000 Investment Expense 12,694 7,000 15,000 11,607 15,040 23,000 0 0 Acct Class: 590 Other Financing Sources & Uses 549.391 Bank Charges 0 0 0 111 130 230 590.600 Excess of additions over deduc 0 0 0 0 169,229 165,265 Village of Te~uesta BUDGET WORKSHEET Page: 2 911712008 3:14 pm Prior ------------- -----------Current Year ------------ ----------- (6) (7) (8) Year Original Amended Actual Thru Estimated Month: 9130/2008 Actual Budget Budget September Total PROPOSED TRUSTEE FINAL Fund: 602 -VillageEmployee Pension-Gen Expenditures Function: 000 General Revenues Dept: 000 General Other Financing Sources & Uses 0 0 0 111 169,359 165,495 0 0 General 29,512 22,560 36,560 27,159 201,000 215,500 0 0 General Revenues 29,512 22,560 36,560 27,159 201,000 215,500 0 0 Function: 518 Pension Benefits Dept: 165 Pension Acct Class: 530 Operating Expenditures/Expense 531.300 Professional Services 0 0 0 0 0 536.300 Pension Distributions/Refunds 38,425 0 0 28,178 0 Operating Expenditures/Expense 38,425 0 0 28,178 0 0 0 0 Pension 38,425 0 0 28,178 0 0 0 0 Pension Benefits 38,425 0 0 28,178 0 0 0 0 Total Expenditures 67,937 22,560 36,560 55,337 201,000 215,500 0 0 VillageEmployee Pension-Gen 228,872 -22,560 -22,560 86,292 0 0 0 0 Grand Total: 228,872 -22,560 -22,560 86,292 0 0 0 0 Account Current Year Chan es that affect ex ense 2009 Number Estimated Descri tion Amount Pro osed Bud et 531-301 Legal Services Actual $ 4,992 Fee Increase $ 1,000 Estimated Bill -Sept $ 1,008 $ 6,000 $ 1,000 $ 7,000 531.304 Recording Secretary Actual $ 1,326 Reallocation of additional cost $ 6,250 Estimated Bill $ 74 between VOT and Gen $ 1,400 $ _`fr;25D• .$ _~ 7,580 531.309 Actuarial Services Actual cost not yet known _._ Actual $ 8,077 but Palmquist suggested $ 5,600 Rounding $ 23 $ 8,100 $ 5,600 $ 8,000 540.300 Travel 8< Per Diem $ - Trustee School Feb 1-4 Hotel - 4 nights-$179 per day $ 716 Food - $36 per day $ 144 Travel 491.3 mile @.585 $ 288 $ _ $ 1,148 $ 1,725 545.300 Insurance 801 Fiduciary Insurance Rates both funds increase 801 b 4% $ 29 $ 1,000 549.300 Other Misc Chgs 8 Obligations Increase in misc. Actual $ 245 chrgs & obligation $ 200 Estimated $ 55 Foreign Fees W/H $ 300 $ 200 $ 500 549.391 Bank Charges Actual $ 111 Increase in mist Estimated $ 19 chrgs 8 obligation $ 100 $ 130 $ 100 $ 230 554.300 Bks, Pub, Subs & Membership FPPTA Membership per board $ 500 Publication $ 100 $ 600 554.600 Seminars & Training -Pension Reg. to attend Trustee School er erson $ 400 $ 600 551.307 Investment Services Bogdahn $ 6,000 Actual $ 11,607 Dana $ 750 Estimated $ 3,433 Salem $ 750 $ 15,040 $ 7,500 $ 23,000 $ 31,771 58.12% I $ 50,235 I