(Attachment “B”)

 

MEANS OF FINANCE

Pension

 

Revenue:                                            Corsica                      Stickney               Consolidated

                                                                2014-2015                            2014-2015                        2015-2016

 

1110 Taxes Levied                            34,046.27                             42,550.00                             76,596.27

9000  Designated to Fund

           Budget                                        9,635.73                                                                               9,635.73

 

Total Revenue                                 43,682.00                               42,550.00                           86,232.00

 

Current Levy Rate                                 .30                                          .287  

 

APPROPRIATIONS          

Pension

 

Expenditures:                                    Corsica                      Stickney                    Consolidated

                                                              2014-2015                              2014-2015                                  2015-2016

 

Non Programmed Charges

Staff Retirement Payments         43,682.00                               42,550.00                           86,232.00

 

Total Expenditures                          43,682.00                               42,550.00                           86,232.00

 

 

 

 

 

·          The Pension Fund will be re-evaluated after the newly consolidated board takes effect and the consolidated district staff needs and salaries are finalized.