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1 <br /> Little Canada Fire Department Inc. <br />Memo <br />To: Joel Hanson – City Administrator, Little Canada City Council <br />From: Don Smiley – Fire Chief <br />Date: 4/7/2017 <br />Re: Relief association benefit level increase <br />On March 9 the Little Canada Relief Association received their annual audit from Redpath (a <br />copy was provided). The funded ratio is 112.2 %. Per the fire relief funding/benefit increase <br />program a benefit level increase can be requested if the funding ratio is at or above 110% <br />after the increase. <br />The Little Canada Fire Department Board of Directors is requesting an $80 a year benefit <br />level increase starting in 2017. <br />I have one correction on the 2016 annual audit. On page 22 it shows the accrued liability as <br />$1,591,293. The actual amount should be $1,585,353. The discrepancy is due to the auditor <br />giving a full years’ service credit to the 3 new members we hired in November of 2016. Per <br />state statue you do not receive a full year’s credit unless you have over 6 months on the <br />department for auditing purposes. <br />Thank you for considering this request. <br />