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Firemen's Annuity and Benefit Fund of Chicago, Illinois ... - Fabf.org

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<strong>Firemen's</strong> <strong>Annuity</strong> <strong>and</strong> <strong>Benefit</strong> <strong>Fund</strong> <strong>of</strong> <strong>Chicago</strong><br />

Schedules <strong>of</strong> Administrative Expenses<br />

Years Ended December 31, 2006 <strong>and</strong> 2005<br />

30<br />

2006 2005<br />

Personnel services<br />

Office salaries $ 1,127,543 $ 988,937<br />

Employee benefits 238,342<br />

217,719<br />

Total personnel services 1,365,885<br />

1,206,656<br />

Trustee <strong>and</strong> staff education/training 17,157<br />

15,394<br />

Pr<strong>of</strong>essional services<br />

Accounting 10,749 -<br />

Actuarial 85,507 109,123<br />

Audit 28,600 27,800<br />

Computer consulting 16,000 16,350<br />

Medical 102,492 116,973<br />

Legal 381,106 416,298<br />

Payroll administration 7,883<br />

8,379<br />

Total pr<strong>of</strong>essional services 632,337<br />

694,923<br />

Miscellaneous<br />

Rent 169,460 126,249<br />

Disaster recovery 80,544 -<br />

Insurance <strong>and</strong> surety bond 88,354 7,427<br />

Utilities 22,218 19,553<br />

Equipment <strong>and</strong> maintenance 29,572 21,653<br />

Printing <strong>and</strong> postage 114,175 97,104<br />

Office supplies 20,431 16,294<br />

General <strong>and</strong> administrative 24,503 18,401<br />

Other 82,103<br />

66,717<br />

Total miscellaneous 631,360<br />

373,398<br />

Total administrative expenses $ 2,646,739 $ 2,290,371

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