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<br />October 13, 2022 17
<br />ASSETS
<br />LPFD Retiree Healthcare Reserve
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<br /> 2019/20 2020/21 2021/22
<br /> Beginning Year Balance $1,052,798 $954,843 $1,053,194
<br /> Income
<br />• Annual Contribution 1,730,000 1,730,000 1,480,000
<br />• Interest Income 35,852 2,840 5,113
<br />• Subtotal 1,765,852 1,732,840 1,485,113
<br /> Expenditures
<br />• Benefit Payments5 (1,180,969) (1,150,398) (1,115,688)
<br />• Trust Contribution (671,000) (477,000) (366,000)
<br />• Professional Services Fees (11,838) (7,092) (4,035)
<br />• Subtotal (1,863,807) (1,634,490) (1,485,723)
<br /> Ending Year Balance 954,843 1,053,194 1,052,584
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<br />5 Does not include implied subsidy payments of $389,000 for 2019/20, $394,000 for 2020/21, and $431,000 for 2021/22.
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<br />October 13, 2022 18
<br />ASSETS
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