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TAUTGES, REDPATH & CO., LTD, <br />CERTIFIED PUBLIC ACCOUNTANTS <br />February 22, 1993 <br />Robert DeBace, President <br />Little Canada Firemen's Relief Association <br />440 Little Canada Road <br />St. Paul, MN 55117 <br />Dear Bob: <br />As you requested, I have prepared revised schedules calculating the required City contribution for <br />1994 at various benefit levels. The schedules have been prepared on the same basis as the Office <br />of State Auditors Schedules I -1I -III. The calculations assume 1) 8% investment earning for 1993 <br />and 5% investment earnings for thereafter, and, 2) two retirements in 1993 and each year <br />thereafter. <br />A summary of the required City contributions is as follows: <br />Benefit Level Per Year of Service <br />Year $2,000 $2,050 $2,100 $2,150 $2,200 <br />1994 $13,993 $16,103 $21,740 $25,399 $29,980 <br />1995 13,813 15,976 21,490 25,124 29,636 <br />1996 13,239 15,419 20,773 24,347 28,752 <br />1997 11,674 13,848 19,019 22,509 26,784 <br />If you have any questions regarding the above information, please do not hesitate to call. <br />Sincerely, <br />TAUTGES, REDPATH & CO., LTD. <br />David J. Mol, CPA <br />DJM/c1g <br />Page 17 <br />4810 White Bear Parkway • White Bear Lake, Minnesota 55110 • 612/426 -7000 • FAX /426 -5004 • Member of HLB International <br />