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IMRF & FICA Lew <br /> Actual Proposed , <br /> . Description 2007 2008 Increase ' <br /> Levy Levy (Decrease) � <br /> Expenses I��i <br /> IMRF/FICA Payments to State (1) 1,825,000 1,071,801 (753,199) I <br /> Transfer to Reserve 43,641 0 (43,641) <br /> Total Expenses 1,868,6�41 1,071,801 (796,840) <br /> Revenues <br /> State Replacement Tax 100,000 0 (100,000) <br /> Transfer from the General Fund 1,000,000 0 (1,000,000) <br /> Transfer from MFT 12,000 12,000 0 <br /> Interest Income 7,000 7,000 0 <br /> Transfer from Reserve 0 0 0 <br /> Total Revenues 1,119,000 19,000 (1,100,000) <br /> Total IMRF/FICA Levy 749,641 1,052,801 303,160 <br /> (1) 8.58% of salaries other than firefighters and police officers, and 1.45% of fire ifighters and police officers <br /> hired after 3/31/86. See listing on next page for details. <br /> Page 4 <br />