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Pension Bond Fund (03)

Fund requirements are principal and interest on bonds issued to finance the College's share of the unfunded actuarial liability of Oregon Public Employees Retirement System (PERS). Resources are provided by charges assessed to other funds as a percentage of salary subject to PERS.

Actual		Resources:		Budget
Actual				Revised 2007-08	Adopted 2008-09
2005-06	2006-07			Revised 2007-08	Adopted 2008-09
59,126	79,474		Interest	95,000	60,000
2,391,990	2,751,750		Bond Assessment	2,940,691	2,996,328
2,451,116	2,831,224		Total Revenues	3,035,691	3,056,328
1,120,479	987,904		Beginning Fund Balance	1,043,000	1,177,363
3,571,595	3,819,128	Total Resources		4,078,691	4,233,691
			Requirements: Debt Service
			Requirements: Debt Service
999,781	1,075,537		Principal - Bond	1,144,592	1,194,439
1,583,910	1,653,154		Interest - Bond	1,734,099	1,839,252
2,583,691	2,728,691		Total Requirements	2,878,691	3,033,691
			Other financing uses:
-	-		Operating Transfer-(01)	600,000	-
987,904	1,090,437		Ending Fund Balance	600,000	1,200,000
3,571,595	3,819,128	Total Requirements and Ending Fund Balance		4,078,691	4,233,691

Pension Bond Fund - Revenue and Expenditures Graph