LMRF Financial Plan FY2021
PROJECTED REVENUES FY2021:
Balance Forward From FY2020 $ 2,565,749.56
Premiums FY2021 $ 2,115,104.38
Interest From Investments $ 17,962.15
TOTAL PROJECTED INCOME/COLLECTIONS
PROJECTED EXPENDITURES:
Tort Claims Cost in LMRF FY2021 $ 2,200,000.00
Personnel Salary $ 92,381.90
Fringe Benefits (36.38%) $ 33,608.54
Payroll Tax (1.94%) $ 1,792.21
Litigation Costs (AGO) $ 100,000.00
TOTAL PROJECTED EXPENDITURES
PROJECTED BALANCE FY 2021
ANTICIPATED CHANGE IN FUND BALANCE (projected balance FY 2021 less balance forward from FY 2020)
$ 4,698,816.09
$ 2,427,782.65
$ 2,271,033.44
$ (294,716.12)