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Early Retiree Fund (39)

This fund was established to account for costs associated with severance pay and medical and dental payments for retired employees as provided by collective bargaining agreements. Resouces of this fund are received from charges assessed to other funds.

Actual			Resources:	Budget
Actual				Revised 2007-08	Adopted 2008-09
2005-06	2006-07			Revised 2007-08	Adopted 2008-09
840,760	565,001		Charges for Benefits	410,000	608,608
49,599	62,802		Interest	57,000	50,000
890,359	627,803		Total Revenues	467,000	658,608
1,260,476	1,306,398		Beginning Fund Balance	978,000	815,000
2,150,835	1,934,201	Total Resources		1,445,000	1,473,608
			Requirements:
844,437	772,575		Personal Services	1,010,000	1,094,164
-	-		Materials and Services	25,000	25,000
-	-		Contingency	110,000	98,409
844,437	772,575		Total Requirements	1,145,000	1,217,573
1,306,398	1,161,626		Ending Fund Balance	300,000	256,035
2,150,835	1,934,201	Total Requirements and Ending Fund Balance		1,445,000	1,473,608

Early Retiree Fund - Revenue and Expenditures