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FIDUCIARY FUNDS <br />Pension Trust Funds <br />1925 Police Pension - To account for the provision of retirement and disability benefits to police <br />ofFcers hired prior to May 1, 1977. Financing is provided by mandatory con- <br />tributions by active members, state pension relief distributions, and a spe- <br />cificannual property tax levy. <br />1937 Firefighters' Pension - To account for the provision of retirement and disability benefits to fire- <br />fightershired prior to May 1, 1977. Financing is provided by mandatory con- <br />tributions by active members, state pension relief distributions, and a spe- <br />cificannual property tax levy. <br />Private Purpose Trust Fund <br />Cemetery Trust - To account for donations and a portion of the proceeds from the sale of <br />cemetery lots. These funds are available for maintenance of City ceme•• <br />teries. <br />Agency Fund <br />Payroll - To account for the payroll of City employees and pension benefits of the <br />Police and Firefighters' Pension Funds. Gross payroll and pension benefits <br />are treated as expenditures in other City funds and transferred into this fund, <br />which serves as a clearing account. <br />17 <br />