Retirement Fund

(Fund 070)

Tiffany Hermes, County Finance Office

Fund Overview

The Retirement Fund is used to account for the County's portion of retirement contribution for employees. The expense is funded by a County mill levy allocation of 0.703 mills in 2023. Additionally, the mill levy assessed to collect refunds and abatements, 0.017 mills in 2023, is also collected within the Retirement Fund. In this budget year an intragovernmental transfers from the General Fund, Human Services, Public Health, and Road and Bridge totaling $180,000 will be made to ensure a positive cash flow in the begining of 2024. The county anticipates adjusting the retirement mill levy in 2024 to ensure full funding in the future without need for further transfers.

Revenues Table

Expenditures Table